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

Mammoth Energy Services

02/05/2024 22:31

* Mammoth Energy Services Inc  TUSK.OQ  reported a quarterly
adjusted loss of 25 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 17 cents.  The lone analyst forecast for the
quarter was for a loss of 3 cents per share. 
    * Revenue fell 92.6% to $8.61 million from a year ago;
analysts
expected $55.50 million. 
    * Mammoth Energy Services Inc shares had fallen by 10.7%
this
quarter and lost 27.1% so far this year.

FORECAST CHANGES
    * 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 $4.30 
This summary was machine generated from LSEG data May 2 at 09:31
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
 Mar. 31 2024      -0.03          -0.25          Missed
 Dec. 31 2023      -0.09          -0.12          Missed
 Sep. 30 2023      0.06           0.02           Missed
 Jun. 30 2023      0.10           -0.09          Missed