Analysts forecast that Vertex Energy, Inc. (NASDAQ:VTNR) will announce earnings per share of $0.09 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Vertex Energy’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.05. Vertex Energy posted earnings of ($0.12) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 175%. The firm is expected to report its next quarterly earnings report on Tuesday, March 8th.
On average, analysts expect that Vertex Energy will report full year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.13). For the next fiscal year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $1.08 to $1.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Vertex Energy.
Vertex Energy (NASDAQ:VTNR) last posted its earnings results on Tuesday, November 9th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.08). The business had revenue of $28.97 million for the quarter, compared to the consensus estimate of $52.00 million. Vertex Energy had a negative return on equity of 12.97% and a negative net margin of 7.20%.
A number of equities research analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Vertex Energy in a research report on Wednesday, December 1st. They issued an “outperform” rating and a $13.00 price objective for the company. Craig Hallum upgraded shares of Vertex Energy to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, November 9th. Zacks Investment Research cut shares of Vertex Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 13th. Finally, Stifel…
