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

Cactus

08/08/2023 24:19

* Cactus Inc  WHD.N  reported quarterly adjusted earnings of
84
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
75 cents per share.
    * Revenue rose 79.7% to $305.82 million from a year ago;
analysts
expected $296.53 million. 
    * Cactus Inc's reported EPS for the quarter was 38 cents​.
    * The mean earnings estimate of analysts had risen by
about 13.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Cactus Inc shares had risen by 21.8% this quarter and
gained 2.5% so far this year.
    * The company reported quarterly net income of $24.75
million.
    * Wall Street's median 12-month price target for Cactus Inc
is
$52.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 11:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.75           0.84           Beat
 Mar. 31 2023      0.56           0.64           Beat
 Dec. 31 2022      0.50           0.57           Beat
 Sep. 30 2022      0.48           0.52           Beat