Wall Street brokerages expect that Evolution Petroleum Corporation, Inc. (NASDAQ:EPM) will announce $9.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Evolution Petroleum’s earnings. Evolution Petroleum reported sales of $10.25 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.2%. The business is scheduled to issue its next earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Evolution Petroleum will report full year sales of $42.05 million for the current fiscal year, with estimates ranging from $41.80 million to $42.30 million. For the next financial year, analysts forecast that the firm will post sales of $40.95 million, with estimates ranging from $40.50 million to $41.40 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Evolution Petroleum.

Evolution Petroleum (NASDAQ:EPM) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The company had revenue of $11.05 million during the quarter, compared to analyst estimates of $12.70 million.

A number of equities research analysts have commented on EPM shares. BidaskClub upgraded Evolution Petroleum from a “strong sell” rating to a “sell” rating in a research report on Friday, February 15th. Roth Capital upgraded Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Monday, February 11th.

EPM stock traded up $0.06 during midday trading on Wednesday, reaching $6.85. 71,000 shares of the stock were exchanged, compared to its average volume of 166,607. Evolution Petroleum has a 52 week low of $6.17 and a 52 week high of $12.83.

About Evolution Petroleum

Evolution Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's principal assets include interests in a CO2 enhanced oil recovery project and the natural gas liquids recovery plant in the Delhi field Louisiana.

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