Mammoth Energy Services Inc reports results for the quarter ended in June - Earnings Summary

Mammoth Energy Services

09/08/2024 14:31

* Mammoth Energy Services Inc  TUSK.OQ  reported a quarterly
adjusted loss of $1.39​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -9 cents.  The lone analyst forecast for the
quarter was for a loss of 3 cents per share. 
    * Revenue fell 31.7% to $51.53 million from a year ago;
analysts
expected $42.97 million. 
    * Mammoth Energy Services Inc's reported EPS for the quarter
was a
loss of $3.25​.
    * The company reported a quarterly loss of $155.99 million.
    * Mammoth Energy Services Inc shares had risen by 13.4% this
quarter and lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 40% 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 1 "strong buy" or "buy," no
"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 Mammoth Energy
Services Inc is $4.10 
This summary was machine generated from LSEG data August 9 at
01:31 p.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      -0.03          -1.39          Missed
 Mar. 31 2024      -0.03          -0.25          Missed
 Dec. 31 2023      -0.09          -0.12          Missed
 Sep. 30 2023      0.06           0.02           Missed