Equities research analysts predict that Keane Group Inc (NASDAQ:FRAC) will announce sales of $488.63 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Keane Group’s earnings, with estimates ranging from $479.00 million to $494.53 million. The company is scheduled to report its next earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that Keane Group will report full-year sales of $488.63 million for the current fiscal year, with estimates ranging from $1.57 billion to $1.61 billion. For the next financial year, analysts expect that the company will post sales of $2.24 billion per share, with estimates ranging from $2.14 billion to $2.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Keane Group.

Keane Group (NASDAQ:FRAC) last released its earnings results on Monday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.06. The company had revenue of $323.10 million during the quarter, compared to analyst estimates of $316.71 million. Keane Group had a negative return on equity of 14.38% and a negative net margin of 3.68%. The company’s revenue was up 34.5% compared to the same quarter last year.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Keane Group from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.15 price objective (down from $17.00) on shares of Keane Group in a research report on Wednesday, July 12th. BidaskClub raised shares of Keane Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $22.00 price objective (down from $25.00) on shares of Keane Group in a research report on Wednesday, June 21st. Finally, Iberia Capital assumed coverage on shares of Keane Group in a research report on Friday, June 23rd. They issued an “outperform” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Keane Group has an average rating of “Buy” and a consensus price target of $20.74.

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its stake in Keane Group by 64.2% in the 2nd quarter. Legal & General Group Plc now owns 7,638 shares of the company’s stock valued at $120,000 after buying an additional 2,985 shares during the last quarter. First Mercantile Trust Co. increased its stake in Keane Group by 35.6% in the 2nd quarter. First Mercantile Trust Co. now owns 12,644 shares of the company’s stock valued at $202,000 after buying an additional 3,319 shares during the last quarter. Emerald Advisers Inc. PA increased its stake in Keane Group by 0.5% in the 2nd quarter. Emerald Advisers Inc. PA now owns 844,227 shares of the company’s stock valued at $13,508,000 after buying an additional 4,199 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Keane Group by 21.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 26,918 shares of the company’s stock valued at $431,000 after buying an additional 4,791 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in Keane Group by 10.5% in the 2nd quarter. William Blair Investment Management LLC now owns 68,143 shares of the company’s stock valued at $1,090,000 after buying an additional 6,448 shares during the last quarter.

Shares of Keane Group (NASDAQ:FRAC) opened at 15.99 on Monday. The stock’s market cap is $1.79 billion. The stock has a 50 day moving average price of $13.28 and a 200-day moving average price of $14.61. Keane Group has a 12-month low of $12.42 and a 12-month high of $22.93.

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About Keane Group

Keane Group, Inc is provider of integrated well completion services in the United States, with a focus on demanding completion solutions. The Company’s segments include Completion Services, which comprises hydraulic fracturing and wireline divisions, and Other Services, which consists of coiled tubing, cementing and drilling divisions.

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Earnings History and Estimates for Keane Group (NASDAQ:FRAC)

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