ION Geophysical Corporation (NYSE:IO) defied analyst predictions to release its quarterly results, which were ahead of market expectations. The results were impressive, with revenues of US$56m exceeding analyst forecasts by 20%, and statutory losses of US$0.16 were likewise much smaller than the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we’ve gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Following the recent earnings report, the consensus from three analysts