ChampionX Corp expected to post earnings of 50  cents a share - Earnings Preview

ChampionX

20/10/2023 21:49

* ChampionX Corp  CHX.OQ   CHX.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The The Woodlands Texas-based  company is expected to
report  a
4.6% decrease in revenue to $974.118 million from $1.02 billion
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on July 24 2023,
for the period ended September 30, was for revenue between
$960.00 million and $990.00 million.
    * ​Refinitiv's mean analyst estimate for ChampionX Corp is
for
earnings of 50 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"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
$41​, above​ its last closing price of $34.26. ​​​

The company's guidance on July 24 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD960 million and
USD207 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 2023  0.45        0.44       0.49      Beat    10.9
 Mar. 31 2023  0.35        0.35       0.36      Beat    2.5
 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.        0.25        0.26       0.28      Beat    9.3
 30 2022                                                
 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
 This summary was machine generated October 20 at 20:49 GMT.  All
figures in US dollars  unless otherwise stated