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

Cactus

09/05/2023 14:33

* Cactus Inc  WHD.N  reported quarterly adjusted earnings of
64
cents​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for earnings of
56 cents per share.
    * Revenue rose 56.6% to $228.41 million from a year ago;
analysts
expected $213.71 million. 
    * Cactus Inc's reported EPS for the quarter was 63 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Cactus Inc shares had fallen by 7.1% this quarter and
lost 23.8%
so far this year.
    * The company reported quarterly net income of $52.29
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 May
9 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.56           0.64           Beat
 Dec. 31 2022      0.50           0.57           Beat
 Sep. 30 2022      0.48           0.52           Beat
 Jun. 30 2022      0.36           0.44           Beat