ChampionX Corp reports results for the quarter ended in December - Earnings Summary

ChampionX

05/02/2024 22:54

* ChampionX Corp  CHX.OQ  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 43 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 44 cents per share. Wall Street
expected results to range from 42 cents to 48 cents per share.
    * Revenue fell 4.3% to $943.56 million from a year ago;
analysts
expected $948.02 million. 
    * ChampionX Corp's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $77.2
million.
    * ChampionX Corp shares had fallen by 10.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for ChampionX Corp is
$37.00 
This summary was machine generated from LSEG data February 5 at
10:53 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
 Dec. 31 2023      0.44           0.44           Met
 Sep. 30 2023      0.50           0.41           Missed
 Jun. 30 2023      0.44           0.49           Beat
 Mar. 31 2023      0.35           0.36           Beat