Cactus Inc expected to post earnings of 70 cents a share - Earnings Preview

Cactus

29/04/2024 22:54

* Cactus Inc  WHD.N   WHD  is expected to show a rise in
quarterly
revenue when it reports  results on May 1 for the period ending
March 31 2024
    * The Houston Texas-based  company is expected to report a
18.5% increase in revenue to $270.651 million from $228.41
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
70 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
$54.00​, above​ its last closing price of $52.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.67        0.69       0.81      Beat    17.8
 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.        0.50        0.50       0.57      Beat    13.5
 31 2022                                                
 Sep. 30 2022  0.48        0.48       0.52      Beat    9.1​
 Jun. 30 2022  0.36        0.36       0.44      Beat    23.8
 Mar. 31 2022  0.29        0.29       0.30      Beat    4.7
 This summary was machine generated April 29 at 21:54 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)