FY2024 Earnings Estimate for Geodrill Issued By Cormark

Geodrill Limited (TSE:GEO) – Cormark raised their FY2024 EPS estimates for shares of Geodrill in a note issued to investors on Tuesday, November 12th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.32 for the year, up from their previous forecast of $0.26. The consensus estimate for Geodrill’s current full-year earnings is $0.31 per share. Cormark also issued estimates for Geodrill’s FY2025 earnings at $0.35 EPS.

Geodrill (TSE:GEO) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$56.34 million for the quarter. Geodrill had a net margin of 2.02% and a return on equity of 2.27%.

Geodrill Stock Performance

TSE GEO opened at C$2.73 on Thursday. The company has a market capitalization of C$128.75 million, a price-to-earnings ratio of 34.13, a PEG ratio of 0.04 and a beta of 0.86. Geodrill has a twelve month low of C$1.52 and a twelve month high of C$2.95. The stock has a fifty day simple moving average of C$2.68 and a 200 day simple moving average of C$2.43. The company has a quick ratio of 1.56, a current ratio of 2.59 and a debt-to-equity ratio of 8.35.

Insider Activity

In other news, insider Sustainable Capital Ltd sold 173,200 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of C$2.90, for a total value of C$502,591.76. Insiders own 41.12% of the company’s stock.

Geodrill Company Profile

Geodrill Limited, together with its subsidiaries, provides mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru. It offers reverse circulation, core, air-core, deep directional Navi, water borehole, underground, and horizontal drilling services, as well as reverse circulation and reverse circulation grade control.