Q: Kraken reports on Thursday. What are the expectations? What one aspect if positive would really boost the share price and what metric if highly negative would cause price damage? What might one worry about (surprise) in the results.
5i Research Answer:
Estimates are nil for EPS and $24.4M sales. We do not think investors will care much for the quarter and will look to guidance and backlog instead. We would also expect perhaps comments on what PNG intends to do with its recently-raised capital. A drop in backlog or negative comments on margins could hurt the stock. New contract wins or partnerships would be the likely most positive impact.