VTNR

Shares of Vertex Energy (NASDAQ:VTNR) moved higher by 1.0% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share were down 100.00% year over year to ($0.10), which beat the estimate of ($0.15).Revenue of $37,384,000 declined by 1.10% from the same period last year, which missed the estimate of $37,680,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Nov 10, 2020View more earnings on VTNRTime: 09:00 AMET Webcast URL: https://www.webcaster4.com/Webcast/Page/2108/38564Price Action Company's 52-week high was at $1.95Company's 52-week low was at $0.40Price action over last quarter: down 20.43%Company Overview Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Black Oil, Refining and Marketing, and Recovery. The company generates maximum revenue from the Black Oil segment. Its Black Oil segment aggregates and sells used motor oil. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.See more from Benzinga * Click here for options trades from Benzinga * Earnings Scheduled For November 10, 2020 * 10 Energy Stocks Moving In Thursday's Intraday Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Vertex Energy (VTNR): Q3 GAAP EPS of -$0.10 beats by $0.05.Revenue of $37.38M (-1.1% Y/Y) misses by $0.3M.Press Release

Vertex Energy reported 2020 second quarter results in early August. Revenue in its primary segment declined 70% while revenue in the remaining two segments improved.The company also shared it is evaluating the potential to organically grow by collecting and recycling other automotive waste streams such as used oil filters and used antifreeze.In the meantime, the UMO re-refiner is facing a spread between cost and pricing below its historical average. As such, it may well be forced to consider a reverse split.Despite its challenges, I'm not inclined to bet against the company in the long run. Like the shape-shifters from the Twilight Saga, it tends to protect its business with the fervor of a wolf.

With the business potentially at an important milestone, we thought we'd take a closer look at Vertex Energy, Inc.'s...

HOUSTON, TX / ACCESSWIRE / August 27, 2020 / Vertex Energy, Inc.

Vertex Energy (VTNR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.