We expect Savanna to trade higher tomorrow after it posted 2Q15 results well above consensus. Savanna reported 2Q15 EBITDAS of $24 mm compared to consensus of $6 mm and our estimate of $5 mm. Note that the high 2Q15 EBITDAS estimate on the Street was $10 mm.
04 Aug 2015
2Q15 SHOWS BENEFITS OF COST REDUCTION STRATEGIES AND STANDBY MARGIN
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2Q15 SHOWS BENEFITS OF COST REDUCTION STRATEGIES AND STANDBY MARGIN
We expect Savanna to trade higher tomorrow after it posted 2Q15 results well above consensus. Savanna reported 2Q15 EBITDAS of $24 mm compared to consensus of $6 mm and our estimate of $5 mm. Note that the high 2Q15 EBITDAS estimate on the Street was $10 mm.