ChampionX Corp expected to post earnings of 32cents a share - Earnings Preview

ChampionX

21/10/2022 21:27

* ChampionX Corp  CHX.OQ   CHX.O  is expected to show a rise
in
quarterly revenue when it reports  results on October 25. 
    * The The Woodlands Texas-based  company is expected to
report  a
14.3% increase in revenue to $935.788 million from $818.79
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on
July 27 2022, for the period ended September 30, was for revenue
between $925.00 million and $955.00 million.
    * ​Refinitiv's mean analyst estimate for ChampionX Corp is
for
earnings of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ChampionX
Corp is
$28​, above​ its last closing price of $22.78. ​​​

The company's guidance on July 27 2022 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD925 million and
USD156 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.25        0.26       0.28      Beat    9.3
 Mar. 31 2022  0.20        0.20       0.22      Beat    7.5
 Dec. 31 2021  0.23        0.24       0.26      Beat    7​
 Sep. 30 2021  0.18        0.18       0.15      Missed  -15.6
 ​​Jun.        0.10        0.10       0.11      Beat    11.6
 30 2021                                                
 Mar. 31 2021  0.05        0.05       0.08      Beat    54.6​
 Dec. 31 2020  0.04        0.06       0.07      Beat    18.9
 Sep. 30 2020  -0.05       -0.05      0.03      Beat    165.6
 This summary was machine generated October 21 at 20:27 GMT.  All
figures in US dollars  unless otherwise stated