Oil States International Inc reports results for the quarter ended in March - Earnings Summary

Oil States International

26/04/2024 18:39

* Oil States International Inc  OIS.N  reported a quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 3 cents.  The mean expectation of five analysts
for the quarter was for a loss of one cent per share. Wall
Street expected results to range from -8 cents to 2 cents per
share.
    * Revenue fell 14.7% to $167.26 million from a year ago;
analysts
expected $190.08 million. 
    * Oil States International Inc's reported EPS for the
quarter was
a loss of 21 cents​.
    * The company reported a quarterly loss of $13.37 million.
    * Oil States International Inc shares had fallen by 13.6%
this
quarter and lost 21.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 117.2% 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 3 "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 Oil States
International Inc is $8.00 
This summary was machine generated from LSEG data April 26 at
05:39 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      -0.01          -0.03          Missed
 Dec. 31 2023      0.09           0.09           Met
 Sep. 30 2023      0.04           0.07           Beat
 Jun. 30 2023      0.06           0.01           Missed