Geokinetics Inc

Geokinetics Inc (GOK) is looking to beat analyst expectations once again when it reports next week. Estimates are rising and shares are doing fantastic.

Company Description

Geokinetics Inc provides seismic data and related services to oil and gas companies. The company has a strong footprint in North America, but also targets several international markets.

Revenue Up 28%

On Aug 6 Geokinetics announced its second quarter results that included a 28% jump in revenue to $145 million. Additionally, the company reported a strong backlog with roughly $318 million.

Earnings per share came in at 12 cents, crushing estimates that averaged a 7 cent loss. The next earnings report is due out on Nov 5 after the market closes.

Bullish revisions

Full-year estimates jumped following the report. The Zacks Consensus Estimate for this year is now 42 cents, up from 34 cents over the past 90 days. Next year's estimates are averaging 46 cents, rising 6 cents in the same time period.

Last year the company posted a loss of 51 cents. That skews the growth rate for this year to 182%. Next year's rate is 11%.

The Chart

Shares of GOK have been on fire for the past 6 months. The stock is up over 250%, crushing the S&P 500.

Read the full analyst report on GOK