Eco-Stim Energy Solutions (ESES) Posts Wider-than-Expected Q1 Loss of 59c/Share

Eco-Stim Energy Solutions (NASDAQ: ESES) reported Q1 EPS of ($0.59), $0.40 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $2.9 million versus the consensus estimate of $3.45 million.

Forward Guidance

Although the Company has a limited operating history, and is not providing earnings guidance for the remainder of the year, we believe that the equipment EcoStim currently has in Argentina is capable of generating between $18 million and $26 million in revenues for fiscal 2015, the Company's first full year of operations. Factors influencing this range include utilization of the assets, the size of each job, the service and product make up of each job and lastly the price charged and the distance between each job. Management intends to update this guidance if conditions in the market change in either direction.

For earnings history and earnings-related data on Eco-Stim Energy Solutions (ESES) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Rein Therapeutics Inc. (RNTX) Tops Q2 EPS by 39c
• Reading (RDI) Tops Q2 EPS by 4c