Pedevco Corp. (PED) Earnings Expected to Grow: What to Know Ahead of Q3 Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Pedevco Corp. (PED) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - Pedevco is expected to report quarterly earnings of $0.02 per share, reflecting a 100% year-over-year increase, with revenues projected at $8.81 million, a 20.2% increase from the previous year [3] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst assessments [4] - The Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with positive readings being more predictive of earnings beats [6][7] - A positive Earnings ESP combined with a strong Zacks Rank (1-3) shows a nearly 70% success rate for positive surprises [8] Historical Performance - Pedevco has not exceeded consensus EPS estimates in the last four quarters, with the last reported quarter matching expectations with earnings of $0.03 per share [12][13] Overall Assessment - Pedevco does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of the earnings release [16]