ChampionX Corp reports results for the quarter ended in September 30 - Earnings Summary

ChampionX

24/10/2024 04:01

* ChampionX Corp  CHX.OQ  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 41 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 46 cents per share. Wall Street
expected results to range from 39 cents to 50 cents per share.
    * Revenue fell 3.5% to $906.53 million from a year ago;
analysts
expected $932.24 million. 
    * ChampionX Corp's reported EPS for the quarter was 37
cents​.
    * The company reported quarterly net income of $72.01
million.
    * ChampionX Corp shares had fallen by 1.9% this quarter and
gained 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"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
$44.00 
This summary was machine generated from LSEG data October 24 at
03:01 a.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
 Sep. 30 2024      0.46           0.44           Missed
 Jun. 30 2024      0.46           0.37           Missed
 Mar. 31 2024      0.40           0.50           Beat
 Dec. 31 2023      0.44           0.44           Met