$34.97 Million in Sales Expected for Vertex Energy Inc (VTNR) This Quarter
Brokerages predict that Vertex Energy Inc (NASDAQ:VTNR) will report sales of $34.97 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Vertex Energy’s earnings. The lowest sales estimate is $33.90 million and the highest is $35.80 million. Vertex Energy reported sales of $31.06 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.6%. The business is scheduled to announce its next earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Vertex Energy will report full-year sales of $34.97 million for the current financial year, with estimates ranging from $138.00 million to $139.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $148.03 million per share, with estimates ranging from $145.00 million to $150.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Vertex Energy.
VTNR has been the subject of several research reports. ValuEngine cut shares of Vertex Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Vertex Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th.
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About Vertex Energy
Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.
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