Benzinga | Nov 3, 2020 10:09AM EST

A Preview Of Blueknight Energy's Earnings

On Wednesday, November 04, Blueknight Energy (NASDAQ: BKEP) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street expects EPS of $0.08 and sales around $56.80 million. Blueknight Energy earnings in the same period a year ago was $0.01 per share. Quarterly sales came in at $91.76 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 700.0%. Revenue would be down 38.1% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate -0.02 -0.13 -0.01 -0.04EPS Actual -0.12 -0.15 -0.05 0.01Revenue Estimate 74.70 M 95.90 M 92.80 M 97.60 MRevenue Actual 53.44 M 79.11 M 91.51 M 91.76 M

Stock Performance

Shares of Blueknight Energy were trading at $1.37 as of November 02. Over the last 52-week period, shares are up 20.18%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Blueknight Energy is scheduled to hold the call at 11:00:00 ET and can be accessed here.