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

Cactus

05/05/2022 24:22

* Cactus Inc  WHD.N  reported quarterly adjusted earnings of
30
cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
29 cents per share.
    * Revenue rose 72.8% to $145.90 million from a year ago; 
analysts
expected $139.78 million. 
    * Cactus Inc's reported EPS for the quarter was 34 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Cactus Inc shares had fallen by 10.5% this quarter and
gained 33.1% so far this year.
    * The company reported quarterly net income of $20.62
million.
    * Wall Street's median 12-month price target for Cactus Inc
is
$61.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 4 at 11:22 p.m.  ​All
figures in US dollars unless otherwise stated