Gulf Island Fabrication (NASDAQ:GIFI) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Posted by Doug Wharley on Aug 7th, 2024

Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) issued its earnings results on Tuesday. The oil and gas company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Zacks reports. Gulf Island Fabrication had a negative return on equity of 22.11% and a negative net margin of 14.27%. The business had revenue of $41.26 million during the quarter.

Gulf Island Fabrication Trading Down 10.6 %

Shares of NASDAQ:GIFI traded down $0.64 during trading on Wednesday, reaching $5.40. 230,278 shares of the company traded hands, compared to its average volume of 68,553. The company has a current ratio of 4.37, a quick ratio of 4.28 and a debt-to-equity ratio of 0.22. Gulf Island Fabrication has a 52-week low of $3.13 and a 52-week high of $7.93. The firm has a market capitalization of $87.93 million, a price-to-earnings ratio of -4.62 and a beta of 0.49. The business’s fifty day moving average is $6.33 and its 200-day moving average is $6.18.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

Read Our Latest Research Report on Gulf Island Fabrication

Gulf Island Fabrication Company Profile

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Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.