Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of equipment maker Geospace Technologies jumped 18% today, after the company released earnings.
So what: Fiscal first quarter revenue jumped 80%, to $77.8 million, easily topping the $66.1 million that analysts expected. Net income jumped 153%, to $22.0 million, or $1.70 per share, also well above the $1.18 analysts expected.
Now what: The company's wireless and reservoir products are driving the way, and look to continue strong results in coming quarters. With massive growth both on the top and bottom line, I think the stock still has a lot of room to run higher. Shares only trade at 18 times next year's earnings estimates. and they may be bumped up after this earnings beat.
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The article Why Geospace Technologies' Shares Jumped originally appeared on Fool.com.
Fool contributor Travis Hoium has no position in any stocks mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw. The Motley Fool recommends Geospace Technologies. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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