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

ChampionX

24/07/2023 23:30

* ChampionX Corp  CHX.OQ  reported quarterly adjusted
earnings of
49 cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
44 cents per share.
    * Revenue fell 0.6% to $926.60 million from a year ago;
analysts
expected $980.39 million. 
    * ChampionX Corp's reported EPS for the quarter was 48
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * ChampionX Corp shares had risen by 12.1% this quarter and
gained 20.0% so far this year.
    * The company reported quarterly net income of $95.8
million.
    * Wall Street's median 12-month price target for ChampionX
Corp is
$37.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
24 at 10:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.44           0.49           Beat
 Mar. 31 2023      0.35           0.36           Beat
 Dec. 31 2022      0.41           0.43           Beat
 Sep. 30 2022      0.32           0.33           Beat