Cactus Inc reports results for the quarter ended in January - Earnings Summary

Cactus

01/08/2024 02:43

* Cactus Inc  WHD.N  reported quarterly adjusted earnings of
81
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 84
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 72 cents per share. Wall Street expected
results to range from 65 cents to 77 cents per share.
    * Revenue fell 5% to $290.39 million from a year ago;
analysts
expected $276.99 million. 
    * Cactus Inc's reported EPS for the quarter was 75 cents​.
    * The company reported quarterly net income of $49.83
million.
    * Cactus Inc shares had risen by 18.1% this quarter and
gained 37.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil related
services and equipment peer group is  "hold."

Wall Street's median 12-month price target for Cactus Inc is
$55.00 
This summary was machine generated from LSEG data August 1 at
01:43 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.72           0.81           Beat
 Mar. 31 2024      0.70           0.75           Beat
 Dec. 31 2023      0.69           0.81           Beat
 Sep. 30 2023      0.86           0.80           Missed