PEDEVCO Future Growth

Future criteria checks 5/6

PEDEVCO is forecast to grow earnings and revenue by 35.6% and 21.4% per annum respectively while EPS is expected to grow by 34.4% per annum.

Key information

35.6%

Earnings growth rate

34.4%

EPS growth rate

Oil and Gas earnings growth	8.2%
Revenue growth rate	21.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	20 Nov 2024

Recent future growth updates

Recent updates

Did You Miss PEDEVCO's (NYSEMKT:PED) Impressive 255% Share Price Gain?

Dec 21

Earnings and Revenue Growth Forecasts

NYSEAM:PED - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	67	10	N/A	44	1
12/31/2025	40	5	N/A	26	3
12/31/2024	38	7	N/A	15	3
9/30/2024	36	2	-10	21	N/A
6/30/2024	34	0	-7	15	N/A
3/31/2024	31	-1	-1	17	N/A
12/31/2023	31	0	-12	23	N/A
9/30/2023	30	2	-14	14	N/A
6/30/2023	30	2	-10	17	N/A
3/31/2023	31	3	-7	16	N/A
12/31/2022	30	3	4	16	N/A
9/30/2022	29	4	1	15	N/A
6/30/2022	25	3	-3	11	N/A
3/31/2022	19	-1	-3	6	N/A
12/31/2021	16	-1	1	6	N/A
9/30/2021	13	-23	1	4	N/A
6/30/2021	12	-25	-1	2	N/A
3/31/2021	9	-28	-4	2	N/A
12/31/2020	8	-33	-15	0	N/A
9/30/2020	10	-11	-26	-5	N/A
6/30/2020	11	-13	-29	0	N/A
3/31/2020	14	-12	-39	1	N/A
12/31/2019	13	-11	-39	2	N/A
9/30/2019	10	-15	-32	6	N/A
6/30/2019	9	-14	-48	1	N/A
3/31/2019	5	55	-35	-2	N/A
12/31/2018	5	54	-24	-1	N/A
9/30/2018	4	36	-21	-1	N/A
6/30/2018	3	34	N/A	0	N/A
3/31/2018	3	-36	N/A	0	N/A
12/31/2017	3	-36	N/A	0	N/A
9/30/2017	3	-19	N/A	0	N/A
6/30/2017	4	-18	N/A	0	N/A
3/31/2017	4	-17	N/A	-6	N/A
12/31/2016	4	-20	N/A	-6	N/A
9/30/2016	4	-20	N/A	-6	N/A
6/30/2016	4	-22	N/A	-8	N/A
3/31/2016	4	-24	N/A	-4	N/A
12/31/2015	5	-21	N/A	-8	N/A
9/30/2015	5	-23	N/A	-13	N/A
6/30/2015	5	-22	N/A	-7	N/A
3/31/2015	5	-21	N/A	-7	N/A
12/31/2014	5	-30	N/A	-5	N/A
9/30/2014	4	-34	N/A	2	N/A
6/30/2014	3	-32	N/A	-3	N/A
3/31/2014	1	-30	N/A	-3	N/A
12/31/2013	1	-18	N/A	-2	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PED's forecast earnings growth (35.6% per year) is above the savings rate (2.6%).

Earnings vs Market: PED's earnings (35.6% per year) are forecast to grow faster than the US market (15.4% per year).

High Growth Earnings: PED's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PED's revenue (21.4% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: PED's revenue (21.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PED's Return on Equity is forecast to be high in 3 years time

PEDEVCO Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 42%

Consensus EPS estimates fall by 10%, revenue upgraded

Consensus EPS estimates increase by 27%

Price target decreased by 12% to US$2.05

Consensus revenue estimates fall by 10%

Consensus EPS estimates fall by 17%

Recent updates

Consensus EPS estimates increase by 42%

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 10%, revenue upgraded

Consensus EPS estimates increase by 27%

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 12% to US$2.05

PEDEVCO Corp., Annual General Meeting, Aug 29, 2024

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

PEDEVCO Corp. Provides Update on New Permian Basin Wells

Consensus revenue estimates fall by 10%

Full year 2023 earnings released: EPS: US$0.003 (vs US$0.033 in FY 2022)

Consensus EPS estimates fall by 17%

Consensus EPS estimates increase by 20%

Consensus EPS estimates fall by 18%

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Consensus revenue estimates increase by 11%

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

PEDEVCO Corp. Announces Demise of Ivar Siem, Director

PEDEVCO Corp., Annual General Meeting, Aug 31, 2023

CEO & Director recently bought US$117k worth of stock

First quarter 2023 earnings: EPS in line with expectations, revenues disappoint

CEO & Director recently bought US$247k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 42%

CEO & Director recently bought US$216k worth of stock

CEO & Director recently bought US$110k worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to US$2.28

Insufficient new directors

Investor sentiment improved over the past week

CEO & Director recently bought US$210k worth of stock

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

PEDEVCO Corp., Annual General Meeting, Aug 25, 2022

CEO & Director recently bought US$508k worth of stock

CEO & Director recently bought US$237k worth of stock

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Price target increased to US$2.28

Insufficient new directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

PEDEVCO Corp. (NYSEAM:PED) acquired Certain Additional D-J Basin Assets Located in Weld County, Colorado.

CEO & Director recently bought US$211k worth of stock

CEO & Director recently bought US$212k worth of stock

Third quarter 2021 earnings released: US$0.004 loss per share (vs US$0.032 loss in 3Q 2020)

Insufficient new directors

Insufficient new directors

President recently sold US$105k worth of stock

CEO & Director recently bought US$235k worth of stock

Second quarter 2021 earnings released: US$0.003 loss per share (vs US$0.038 loss in 2Q 2020)

Executive VP recently sold US$72k worth of stock

First quarter 2021 earnings released: EPS US$0.009 (vs US$0.059 loss in 1Q 2020)

Insider recently sold US$100k worth of stock

Full year 2020 earnings released: US$0.45 loss per share (vs US$0.22 loss in FY 2019)

Insider recently sold US$514k worth of stock

PEDEVCO Corp. has completed a Follow-on Equity Offering in the amount of $7.785 million.

New 90-day high: US$2.89

Insider recently sold US$434k worth of stock

Did You Miss PEDEVCO's (NYSEMKT:PED) Impressive 255% Share Price Gain?

Third quarter 2020 earnings released: US$0.032 loss per share

PEDEVCO Corp. (AMEX:PED) made an offer to acquire SandRidge Permian Trust (OTCPK:PERS) from Avalon Energy, LLC, Montare Resources I, LLC and others for $28.1 million

PEDEVCO Corp. (AMEX:PED) entered into a non-binding indication of interest to acquire all of the assets of Avalon Energy and 25% stake in SandRidge Permian Trust (NYSE : PER) from Avalon Energy LLC.

New 90-day high - US$2.11

PEDEVCO Corp.(AMEX:PED) dropped from Russell Microcap Growth Index

PEDEVCO Corp.(AMEX:PED) dropped from Russell Microcap Value Index

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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