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

Cactus

02/05/2024 24:40

* Cactus Inc  WHD.N  reported quarterly adjusted earnings of
75
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 64
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 70 cents per share. Wall Street expected
results to range from 49 cents to 74 cents per share.
    * Revenue rose 20% to $274.12 million from a year ago;
analysts
expected $270.65 million. 
    * Cactus Inc's reported EPS for the quarter was 59 cents​.
    * The company reported quarterly net income of $38.97
million.
    * Cactus Inc shares had fallen by 0.9% this quarter and
gained 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$54.00 
This summary was machine generated from LSEG data May 1 at 11:40
p.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
 Mar. 31 2024      0.70           0.75           Beat
 Dec. 31 2023      0.69           0.81           Beat
 Sep. 30 2023      0.86           0.80           Missed
 Jun. 30 2023      0.75           0.84           Beat