Core Laboratories Inc expected to post earnings of 21 cents a share - Earnings Preview

Core Laboratories

22/07/2024 22:00

* Core Laboratories Inc  CLB.N   CLB  is expected to show a
rise
in quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
3.4% increase in revenue to $132.17 million from $127.88 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.The company's guidance on April 24 2024, for
the period ended June 30, was for revenue between $130.00
million and $136.00 million.
    * ​LSEG's mean analyst estimate for Core Laboratories Inc is
for
earnings of 21 cents per share. The company's EPS guidance on
April 24 2024, for the period ended June 30, was between $0.19
and $0.23 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Core
Laboratories
Inc is $17.50​, below​ its last closing price of $22.90. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD14.5 million and USD17.3 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.16        0.16       0.19      Beat    21.7
 Jan. 1 2024   0.19        0.19       0.19      Met     -1.3
 Sep. 30 2023  0.22        0.22       0.22      Met     -0.1​
 Jun. 30 2023  0.20        0.20       0.21      Beat    5.3
 ​​Jan.        0.16        0.16       0.19      Beat    20.3
 1 0001                                                 
 Dec. 31 2022  0.19        0.20       0.20      Met     2.2​
 Sep. 30 2022  0.15        0.15       0.18      Beat    20.3
 Jun. 30 2022  0.12        0.14       0.12      Missed  -12
 This summary was machine generated July 22 at 21:00 GMT.  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)