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

ChampionX

27/04/2022 05:07

* ChampionX Corp  CHX.OQ  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended in March. The mean
expectation of ten analysts for the quarter was for earnings of
20 cents per share.
    * Revenue rose 26.4% to $865.96 million from a year ago; 
analysts
expected $824.48 million. 
    * ChampionX Corp's reported EPS for the quarter was 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.5%
in the last three months.​ 
    * In the last 30 days six analysts negatively revised
earnings
estimates 
    * ChampionX Corp shares had fallen by 11.6% this quarter and
gained 7.1% so far this year.
    * The company reported quarterly net income of $36.7
million.
    * Wall Street's median 12-month price target for ChampionX
Corp is
$29.50 
    * 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 April 27 at 04:07 a.m.  ​All
figures in US dollars unless otherwise stated