Tesco Co. (NASDAQ:TESO) – Analysts at Capital One Financial Corporation cut their Q3 2017 earnings per share estimates for shares of Tesco in a note issued to investors on Monday. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will post earnings per share of ($0.23) for the quarter, down from their prior estimate of ($0.21). Capital One Financial Corporation also issued estimates for Tesco’s Q4 2017 earnings at ($0.23) EPS, FY2017 earnings at ($0.99) EPS, Q1 2018 earnings at ($0.20) EPS, Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.17) EPS and FY2018 earnings at ($0.73) EPS.

Tesco (NASDAQ:TESO) last announced its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.01. The business had revenue of $40.10 million during the quarter, compared to the consensus estimate of $41.01 million. Tesco had a negative net margin of 30.16% and a negative return on equity of 16.64%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS.

WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/16/q3-2017-earnings-estimate-for-tesco-co-issued-by-capital-one-financial-corporation-teso.html.

Several other research firms also recently weighed in on TESO. Cowen and Company cut their price target on Tesco from $9.00 to $6.00 and set a “market perform” rating for the company in a research note on Monday, June 5th. Seaport Global Securities reiterated a “neutral” rating on shares of Tesco in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Tesco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.00.

Shares of Tesco (NASDAQ:TESO) opened at 4.35 on Wednesday. Tesco has a 12 month low of $3.70 and a 12 month high of $9.65. The stock has a 50 day moving average of $4.38 and a 200-day moving average of $6.16. The company’s market cap is $203.38 million.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of Tesco by 9.8% in the second quarter. FMR LLC now owns 7,008,221 shares of the oil and gas company’s stock valued at $31,187,000 after buying an additional 624,404 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Tesco by 1.8% in the first quarter. Vanguard Group Inc. now owns 4,143,095 shares of the oil and gas company’s stock valued at $33,352,000 after buying an additional 72,918 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tesco by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,993,039 shares of the oil and gas company’s stock valued at $13,319,000 after buying an additional 263,160 shares in the last quarter. State Street Corp increased its position in shares of Tesco by 3.6% in the second quarter. State Street Corp now owns 1,061,705 shares of the oil and gas company’s stock valued at $4,723,000 after buying an additional 37,244 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Tesco by 32.5% in the second quarter. Royce & Associates LP now owns 877,196 shares of the oil and gas company’s stock valued at $3,904,000 after buying an additional 215,400 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

Tesco Company Profile

Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.

Earnings History and Estimates for Tesco (NASDAQ:TESO)

Receive News & Ratings for Tesco Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesco Co. and related companies with MarketBeat.com's FREE daily email newsletter.