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

ChampionX

25/04/2024 24:20

* ChampionX Corp  CHX.OQ  reported quarterly adjusted
earnings of
50 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 41 cents per share. Wall Street expected
results to range from 39 cents to 44 cents per share.
    * Revenue fell 2.8% to $922.14 million from a year ago;
analysts
expected $921.08 million. 
    * ChampionX Corp's reported EPS for the quarter was 58
cents​.
    * The company reported quarterly net income of $112.92
million.
    * ChampionX Corp shares had fallen by 2.2% this quarter and
gained 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for ChampionX
Corp is
$40.00 

This summary was machine generated from LSEG data April 24 at
11:20 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
 Mar. 31 2024      0.41           0.50           Beat
 Dec. 31 2023      0.44           0.44           Met
 Sep. 30 2023      0.50           0.41           Missed
 Jun. 30 2023      0.44           0.49           Beat