PEDEVCO Corp Q3 Earnings Release: Revenue Decline and Production Volatility Expected
PED PEDEVCO Corp
$11.71 -10.27%
View chart & analysis → - 1Wall Street forecasts PEDEVCO's Q3 revenue to be approximately $32.2 million.
- 2A revenue decline of about 30% compared to the consensus revenue of the previous quarter is expected.
- 3Management reaffirmed the annual adjusted EBITDA guidance of $60 million to $70 million.
So what's the key point?
PEDEVCO's revenue for this quarter is expected to decrease by about 30% compared to the last one. However, the company maintained its target for profit from operations.
Source Earnings Whispers · View original ↗
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