We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Consensus Estimate for third-quarter earnings witnessed no revisions in the past 30 days. It is currently pegged at 6 cents per share.
The consensus mark for revenues stands at $15.3 million, implying a year-over-year improvement of 19.1%.
Factors to Consider
The pricing scenario of oil and natural gas was impressive in the third quarter of this year. Per data provided by the U.S. Energy Information Administration, the average West Texas Intermediate crude prices per barrel in July, August and September were $76.07, $81.39 and $89.43, respectively. Although the prices were not as high as in the year-ago quarter, the commodity prices were impressive and healthy.
Like oil, natural gas prices in the September quarter were healthier than in the second quarter. Thus, favorable energy business environment is likely to have increased demand for burner management products and services. The Zacks Consensus Estimate for net sales of products for the September quarter is pegged at $14.42 million, suggesting an improvement from $11.90 million a year-ago quarter.
Earnings Whisper
Our proven model does not predict an earnings beat for Profire Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.
Earnings ESP: Profire Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Profire Energy currently carries a Zacks Rank #3.
Stocks to Consider
Here are some firms worth considering, as these have the right combination of elements to beat on earnings in the upcoming quarterly reports:
The company is scheduled to release third-quarter earnings on Nov 7. The Zacks Consensus Estimate for EC’s earnings is pegged at 53 cents per share, suggesting a decline of 50% from the prior-year reported figure.
Devon Energy Corp. (DVN - Free Report) has an Earnings ESP of +0.72% and is currently a Zacks #2 Ranked player.
The company is scheduled to release third-quarter results on Nov 7. The Zacks Consensus Estimate for DVN’s earnings is pegged at $1.55 per share.
TC Energy Corporation (TRP - Free Report) has an Earnings ESP of +0.37% and is a Zacks #3 Ranked player at present.
TC Energy is scheduled to release third-quarter results on Nov 8. The Zacks Consensus Estimate for TRP’s earnings is pegged at 71 cents per share, suggesting a year-over-year decline.
Image: Bigstock
Profire Energy (PFIE) to Post Q3 Earnings: What's in Store?
Profire Energy, Inc. (PFIE) is set to report third-quarter 2023 results on Nov 9, before the opening bell.
In the last reported quarter, the company’s earnings of 6 cents per share beat the Zacks Consensus Estimate by a penny.
Profire Energy, Inc. Price and EPS Surprise
Profire Energy, Inc. price-eps-surprise | Profire Energy, Inc. Quote
Estimate Trend
The Zacks Consensus Estimate for third-quarter earnings witnessed no revisions in the past 30 days. It is currently pegged at 6 cents per share.
The consensus mark for revenues stands at $15.3 million, implying a year-over-year improvement of 19.1%.
Factors to Consider
The pricing scenario of oil and natural gas was impressive in the third quarter of this year. Per data provided by the U.S. Energy Information Administration, the average West Texas Intermediate crude prices per barrel in July, August and September were $76.07, $81.39 and $89.43, respectively. Although the prices were not as high as in the year-ago quarter, the commodity prices were impressive and healthy.
Like oil, natural gas prices in the September quarter were healthier than in the second quarter. Thus, favorable energy business environment is likely to have increased demand for burner management products and services. The Zacks Consensus Estimate for net sales of products for the September quarter is pegged at $14.42 million, suggesting an improvement from $11.90 million a year-ago quarter.
Earnings Whisper
Our proven model does not predict an earnings beat for Profire Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. But that is not the case here.
Earnings ESP: Profire Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Profire Energy currently carries a Zacks Rank #3.
Stocks to Consider
Here are some firms worth considering, as these have the right combination of elements to beat on earnings in the upcoming quarterly reports:
Ecopetrol SA (EC - Free Report) currently has an Earnings ESP of +22.81% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to release third-quarter earnings on Nov 7. The Zacks Consensus Estimate for EC’s earnings is pegged at 53 cents per share, suggesting a decline of 50% from the prior-year reported figure.
Devon Energy Corp. (DVN - Free Report) has an Earnings ESP of +0.72% and is currently a Zacks #2 Ranked player.
The company is scheduled to release third-quarter results on Nov 7. The Zacks Consensus Estimate for DVN’s earnings is pegged at $1.55 per share.
TC Energy Corporation (TRP - Free Report) has an Earnings ESP of +0.37% and is a Zacks #3 Ranked player at present.
TC Energy is scheduled to release third-quarter results on Nov 8. The Zacks Consensus Estimate for TRP’s earnings is pegged at 71 cents per share, suggesting a year-over-year decline.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.