Kodiak Gas Services Inc reports results for the quarter ended in January 1 - Earnings Summary

Kodiak Gas Services

07/11/2024 04:40

* Kodiak Gas Services Inc  KGS.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended January 1,
lower than the same quarter last year, when the company reported
EPS of 37 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 26 cents to 54 cents per share.
    * Revenue rose 40.6% to $324.65 million from a year ago;
analysts
expected $316.75 million. 
    * Kodiak Gas Services Inc's reported EPS for the quarter was
a
loss of 7 cents​.
    * The company reported a quarterly loss of $5.65 million.
    * Kodiak Gas Services Inc shares had risen by 12.0% this
quarter and gained 61.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.9%
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 10 "strong buy" or "buy," 2
"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 Kodiak Gas
Services Inc is 35.00 
This summary was machine generated from LSEG data November 7 at
04:40 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      0.37           0.05           Missed
 Jun. 30 2024      0.55           0.16           Missed
 Mar. 31 2024      0.37           0.39           Beat
 Dec. 31 2023      0.29           -0.09          Missed