Basic Energy Services EBIT

Basic Energy Services posts a EBIT of $-62M as of March 2021. That compares with $-56M in the prior-year period — down 10.6% year over year. That is below the Energy sector average of $200B. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Basic Energy Services's EBIT was $-56M. The latest reading is $-62M — a 10.6% year-over-year decrease (period ending March 2021). Use the history and growth charts on this page for a longer lookback.

For Energy stocks, a EBIT near $200B is typical. Basic Energy Services's $-62M is lower that level. That is roughly 100.0% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

EBIT is one piece of Basic Energy Services's financial statement story. At $-62M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for BASX's EBIT usually means three checks: (1) trend versus prior periods, (2) level versus peers (average $200B), and (3) consistency with growth and profitability. This page covers the first two; Basic Energy Services's other metric pages and overview cover the third.