HUNTSVILLE, Texas , Nov. 18, 2011 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND - News) announced today that it will release financial results for its fiscal 2012 third quarter ended October 31, 2011 after the market closes on Tuesday, December 6, 2011 . In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, for Wednesday, December 7 at 9:00 a.m. Eastern Time / 8:00 a.m. Central Time .
MIND has a history of running up into quarterly reports that should be good.
I'm expecting 3rd quarter EPS to be $0.25. More important is their CFPS, which I expect to be $0.88.
Anything above my forecast would be VERY BULLISH.
MIND is now on-track for the best year in the history of the company. This stock has touched $26/share before on much lower EPS. Plus, the company is virtually debt free.
There business is directly tied to the exploration budgets of the majors and large-caps, which in turn are directly related to the price of oil.