Mammoth Energy Services Inc reports results for the quarter ended in September 30 - Earnings Summary

Mammoth Energy Services

01/11/2024 14:32

* Mammoth Energy Services Inc  TUSK.OQ  reported a quarterly
adjusted loss of 50 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 2 cents.  The lone analyst forecast for
the quarter was for a loss of one cent per share. 
    * Revenue fell 38.4% to $40.02 million from a year ago;
analysts
expected $47.18 million. 
    * Mammoth Energy Services Inc's reported EPS for the quarter
was a
loss of 50 cents​.
    * The company reported a quarterly loss of $24.04 million.
    * Mammoth Energy Services Inc shares had risen by 7.6% this
quarter and lost 1.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 50% 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 $4.90 
This summary was machine generated from LSEG data November 1 at
02:32 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
 Sep. 30 2024      -0.01          -0.50          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