Cactus Inc expected to post earnings of 72 cents a share - Earnings Preview

Cactus

29/07/2024 21:54

* Cactus Inc  WHD.N   WHD  is expected to show a fall in
quarterly
revenue when it reports  results on July 31 for the period
ending June 30 2024
    * The Houston Texas-based  company is expected to report a
9.4% decrease in revenue to $276.99 million from $305.82 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Cactus Inc is for
earnings of
72 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​, below​ its last closing price of $61.30. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.68        0.70       0.75      Beat    7.7
 Dec. 31 0001  0.67        0.69       0.81      Beat    17.8
 Jan. 1 0001   0.86        0.86       0.80      Missed  -6.8​
 Jun. 30 2023  0.81        0.75                         12.2
 ​​Mar.        0.63        0.56                         14.1
 31 2023                                                
 Jan. 1 0001   0.50        0.50       0.57      Beat    13.5​
 Jan. 1 0001   0.48        0.48       0.52      Beat    9.1
 Jan. 1 0001   0.36        0.36       0.44      Beat    23.8
 This summary was machine generated July 29 at 20:54 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)