Petrosearch Energy Corporation (TSG) Tops Q3 EPS by 6c, Beats on Revenues; FY17 EPS/Revenues Mid-Point Guidance Above Consensus

Petrosearch Energy Corporation (NASDAQ: TSG) reported Q3 EPS of $0.58, $0.06 better than the analyst estimate of $0.52. Revenue for the quarter came in at $329.44 million versus the consensus estimate of $320.71 million.

Full Year Guidance

• Full Year Guidance – The Stars Group reconfirmed its 2017 full year financial guidance ranges as previously announced on September 15 and continues to expect the following:
  • Revenues of between $1,285 and $1,315 million;
  • Adjusted EBITDA of between $590 and $610 million;
  • Adjusted Net Earnings of between $445 and $469 million; and
  • Adjusted Net Earnings per Diluted Share of between $2.17 and $2.31.

GUIDANCE:

Petrosearch Energy Corporation sees FY2017 EPS of $2.17-$2.31, versus the consensus of $2.24. Petrosearch Energy Corporation sees FY2017 revenue of $1.285-1.315 billion, versus the consensus of $1.29 billion.

For earnings history and earnings-related data on Petrosearch Energy Corporation (TSG) click here.

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