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

ChampionX

25/10/2023 01:39

* ChampionX Corp  CHX.OQ  reported quarterly adjusted
earnings of
41 cents​​ per share for the quarter ended in September. The
mean expectation of ten analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue fell 8% to $939.78 million from a year ago;
analysts
expected $971.83 million. 
    * ChampionX Corp's reported EPS for the quarter was 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * ChampionX Corp shares had fallen by 4.8% this quarter and
gained 16.9% so far this year.
    * The company reported quarterly net income of $77.71
million.
    * Wall Street's median 12-month price target for ChampionX
Corp is
$41.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 12:39 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.50           0.41           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