Cactus Inc expected to post earnings of 69 cents a share - Earnings Preview

Cactus

27/02/2024 01:19

* Cactus Inc  WHD.N   WHD  is expected to show a rise in
quarterly
revenue when it reports  results on February 28 for the period
ending December 31 2023
    * The Houston Texas-based  company is expected to report a
43.8% increase in revenue to $270.065 million from $187.77
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cactus Inc is for
earnings of
69 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cactus Inc
is
$55.00​, above​ its last closing price of $45.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.86        0.86       0.80      Missed  -6.8
 Jun. 30 2023  0.81        0.75       0.84      Beat    12.2
 Mar. 31 2023  0.63        0.56       0.64      Beat    14.1​
 Dec. 31 2022  0.50        0.50       0.57      Beat    13.5
 ​​Sep.        0.48        0.48       0.52      Beat    9.1
 30 2022                                                
 Jun. 30 2022  0.36        0.36       0.44      Beat    23.8​
 Mar. 31 2022  0.29        0.29       0.30      Beat    4.7
 Dec. 31 2021  0.20        0.20       0.25      Beat    22.4
 This summary was machine generated February 27 at 01:18 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)