FormerXBC Inc XEBEQ

Up to date consensus estimates

[tamaracktop]

With Q2 numbers less than a month away, it's time to visit the latest analyst's estimates.

Of the 8 analysts projecting specific numbers, the low estimate for Q2 revenues is $42.8m, the high estimate is $53m, and the mean is $46.36m.

Last year's Q2 revenues were $32.66m.

The low projection for Q3 revenues ( Sept 2022 ) is $49.59m, the high is $72.5m, and the average is $55.52m.

For fiscal year 2022, the low revenue estimate is $192.79m, the high estimate is $241.8m, and the average estimate is $204.59M.

The estimates for 2023 range from $240m at the low end to $364.58m at the high end, the average being $286.43 million.

As you can see, analyst's estimates are all over the board ( no pun intended )

As you can also see, the mean estimate for 2022 revenues implies yoy revenue growth of 62.5%.

If you're looking to sell your Xebec shares, I would strongly suggest now is not the time to do it.

Xebec isn't getting smaller

The market is, but the company isn't.

[Gann999]

Hopefully any revenue increase from q1 will also be accompanied with better margins and cost cutting measures that will lead to a boost in share price. Also some guidance on how early the legacy contracts will be absorbed sooner rather than later may spark some interest back into the company as people anticipate better results moving forward and so much discounted into the stock already that there

[Kipperly]

Appreciate the analyst summary, and you would think what analysts say about a stock would have some level of research and thought involved.  So far the analysts have been wrong about xbc and the overall markets.  I can't blame them too much, it was only me who hit the buy button, and the mess in China and Ukraine was very tough to predict.  The analysts I followed were 5i and

[Ottery]

I could see O&G doing will the next 5-10 years tops, but unless you are retiring soon, I doubt it does well the rest of your investing life. imo. 

[tony08]

For Q2 I only expect a slight improvement over Q1. The real test will really start with Q3 and Q4......With the end of the legacy contracts and the start of the $143M contract revenue.   Then we will see if management are able to generate margins with these new revenues.

[tamaracktop]

I expect we will see a contribution to Q2 revenues from the Summit contract. The contract was signed on April 12th and it's quite unlikely it was signed before Xebec provided at least 1 prototype compressor for Summit's inspection. The time-line Xebec provided for completion of the contract implied a production capacity of just over 3 units monthly as I recall.

[Gann999]

They have already said legacy will still be impacting until the end of the year so not sure why you expect q3 and q4 to be unaffected

[Resilience19]

Some headwinds likely not fully factored in in the last guidance include: inflation, china covid lockdown logistics constraints, Ukraine -driven instability sucking up global resources and disrupting logistics, drastic increase in interest rates (not yet over), important energy cost increases (disproportionately higher than the broader inflation). Granted, individually, each of these will not

[tony08]

Sorry for the delay, I just read your post...   Correct me if I'm wrong, but if I remember correctly they said that the effects of the legacy contracts would gradually wear off by the end of the year.   I expect an improvement on this side, maybe not for Q3 but at least for Q4

[Gann999]

This is directly from the company and nowhere do I see anything about legacy gradually wearing off as the year goes on. "Lastly, the Company has continued to experience the impact from legacy BGX contracts during the commissioning phase of several projects. Higher than anticipated costs were incurred to ensure that projects are running to specification for customers. Xebec is focused on

[tony08]

I could be wrong indeed, but what I say about legacy contracts, from memory, was said during the last webinar.   That's what I remembered about this during the last webinar, but maybe my memory is playing tricks on me, it's possible.

[tony08]

"Includes wrapping up the continued costs of legacy BGX activities which impacted adjusted EBITDA negatively by $2.6 million in Q1 2022 I reread this sentence in full and you are right to doubt with the expression "continued" But with the words "wrapping up" it could mean that the process of ending these legacy costs is already started and that it will gradually go

[Marcello]

Ebitda will definitely be positive this quarter. I'm almost sure of it with all the streams that are flowing their way it's some what incredible 

[tony08]

At my request, I received a link to rewatch the webinar and you are right Gann.   In no time is it said that the costs of legacy contracts will gradually reduce by the end of the year.   What probably mixed my memories of this webinar is that it is said, speaking of the margins, that the Summit contracts will start in the middle of the year and that at the beginning the margins