ChampionX Corp expected to post earnings of 44  cents a share - Earnings Preview

ChampionX

21/07/2023 21:59

* ChampionX Corp  CHX.OQ   CHX.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 24. 
    * The The Woodlands Texas-based  company is expected to
report  a
5.1% increase in revenue to $980.39 million from $932.57 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on April 24
2023, for the period ended June 30, was for revenue between
$970.00 million and $1.00 billion.
    * ​Refinitiv's mean analyst estimate for ChampionX Corp is
for
earnings of 44 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
$37.25​, above​ its last closing price of $34.27. ​​​

The company's guidance on April 24 2023 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD970 million and USD190 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  
 Mar. 31 2023  0.35        0.35       0.36      Beat    2.5
 Dec. 31 2023  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.        0.20        0.20       0.22      Beat    7.5
 31 2022                                                
 Dec. 31 2021  0.23        0.24       0.26      Beat    7​
 Sep. 30 2021  0.18        0.18       0.15      Missed  -15.6
 Jun. 30 2021  0.10        0.10       0.11      Beat    11.6
 This summary was machine generated July 21 at 20:59 GMT.  All
figures in US dollars  unless otherwise stated