Goodrich Petroleum Corporation (GDP) Expected to Announce Earnings of $0.25 Per Share

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Equities research analysts predict that Goodrich Petroleum Corporation (NASDAQ:GDP) will report earnings of $0.25 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Goodrich Petroleum’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.04. Goodrich Petroleum reported earnings of ($0.04) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 725%. The business is expected to announce its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Goodrich Petroleum will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $0.35 to $2.11. For the next financial year, analysts expect that the business will report earnings of $2.16 per share, with EPS estimates ranging from $0.93 to $3.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Goodrich Petroleum.

Goodrich Petroleum (NASDAQ:GDP) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.45 by $0.13. The business had revenue of $33.91 million during the quarter, compared to analysts’ expectations of $32.86 million.

Separately, B. Riley restated a “buy” rating on shares of Goodrich Petroleum in a research report on Monday, May 20th.

GDP stock opened at $12.28 on Monday. Goodrich Petroleum has a 12 month low of $11.37 and a 12 month high of $15.50.

About Goodrich Petroleum

Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas.

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