Equities Analysts Offer Predictions for Geodrill Ltd’s FY2018 Earnings (GEO)

Geodrill Ltd (TSE:GEO) – Stock analysts at Cormark dropped their FY2018 earnings estimates for Geodrill in a note issued to investors on Tuesday, November 13th. Cormark analyst M. Macdougall now expects that the company will post earnings of $0.01 per share for the year, down from their prior forecast of $0.17.

Geodrill (TSE:GEO) last issued its quarterly earnings data on Monday, August 13th. The company reported C$0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.06. The business had revenue of C$35.21 million for the quarter, compared to analyst estimates of C$32.29 million.

Separately, TD Securities lowered their price objective on Geodrill from C$3.50 to C$2.75 in a research note on Tuesday.

Shares of TSE GEO opened at C$1.48 on Thursday. Geodrill has a fifty-two week low of C$1.40 and a fifty-two week high of C$2.33. The company has a debt-to-equity ratio of 12.28, a current ratio of 2.11 and a quick ratio of 1.35.

In other Geodrill news, insider Sustainable Capital Ltd acquired 47,200 shares of the stock in a transaction on Monday, November 12th. The stock was purchased at an average price of C$1.52 per share, for a total transaction of C$71,744.00.

About Geodrill

Geodrill Limited, together with its subsidiaries, provides exploration and development drilling services to various mining companies with exploration, development, and production operations in West Africa and the African copper belt. The company offers reverse circulation (RC), diamond core, air-core, directional, RC grade control, water bore, and underground drilling services.

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Earnings History and Estimates for Geodrill (TSE:GEO)

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