Innovex International Inc reports results for the quarter ended in September 30 - Earnings Summary

Innovex International

08/11/2024 04:35

* Innovex International Inc  INVX.N  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -15 cents.  The mean expectation of three analysts for
the quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 18 cents to 33 cents per share.
    * Revenue rose 29.5% to $151.82 million from a year ago;
analysts
expected $135.00 million. 
    * Innovex International Inc shares had risen by 5.7% this
quarter and lost 33.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "hold"

Wall Street's median 12-month price target for Innovex
International Inc is 24.00 
This summary was machine generated from LSEG data November 8 at
04:35 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      0.26           -0.17          Missed
 Jun. 30 2024      0.22           0.10           Missed
 Mar. 31 2024      0.09           -0.62          Missed
 Dec. 31 2023      0.18           0.04           Missed