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

Kodiak Gas Services

13/08/2024 04:23

* Kodiak Gas Services Inc  KGS.N  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of -14 cents.  The mean expectation of
five analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 35 cents to 79
cents per share.
    * Revenue rose 52.3% to $309.65 million from a year ago;
analysts
expected $311.41 million. 
    * Kodiak Gas Services Inc's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $6.23
million.
    * Kodiak Gas Services Inc shares had risen by 4.4% this
quarter and gained 41.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.1%
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 "buy"
and
the breakdown of recommendations is 7 "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 $31.50 
This summary was machine generated from LSEG data August 13 at
03:22 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
 Jun. 30 2024      0.55           0.16           Missed
 Mar. 31 2024      0.37           0.39           Beat
 Dec. 31 2023      0.29           -0.09          Missed
 Sep. 30 2023      0.19           0.37           Beat