ChampionX Corp expected to post earnings of 35  cents a share - Earnings Preview

ChampionX

22/04/2023 24:23

* ChampionX Corp  CHX.OQ   CHX.O  is expected to show a rise
in
quarterly revenue when it reports  results on April 24. 
    * The The Woodlands Texas-based  company is expected to
report  a
11.9% increase in revenue to $968.742 million from $865.96
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
February 1 2023, for the period ended March 31, was for revenue
between $952.00 million and $982.00 million.
    * ​Refinitiv's mean analyst estimate for ChampionX Corp is
for
earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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
$34​, above​ its last closing price of $26.71. ​​​

The company's guidance on February 2 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD952 million and USD172 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  
 Dec. 31 2022  0.40        0.41       0.43      Beat    6.2
 Sep. 30 2022  0.32        0.32       0.33      Beat    2.7
 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.        0.23        0.24       0.26      Beat    7
 31 2021                                                
 Sep. 30 2021  0.18        0.18       0.15      Missed  -15.6​
 Jun. 30 2021  0.10        0.10       0.11      Beat    11.6
 Mar. 31 2021  0.05        0.05       0.08      Beat    54.6
 This summary was machine generated April 21 at 23:23 GMT.  All
figures in US dollars  unless otherwise stated