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OIS — Oil States International News Story

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EnergyAdventurousMid CapNeutral

Oilfield services provider Oil States misses Q3 profit estimates as lower commodity prices hurt

Overview

Oil States Q3 revenue of $165 mln missed analyst expectations

Adjusted EPS of $0.08 missed analyst estimates

Company generated $31 mln in cash flows from operations

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

OFFSHORE FOCUS - Co emphasized offshore and international operations amid U.S. headwinds from lower commodity prices and tariffs

BACKLOG INCREASE - Offshore Manufactured Products segment backlog grew 10% with strong bookings

RESTRUCTURING IMPACT - Completion and Production Services faced restructuring costs affecting revenues

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueMiss$165 mln$167.68 mln (4 Analysts)
Q3 Adjusted EPSMiss$0.08$0.09 (4 Analysts)
Q3 EPS$0.03
Q3 Net Income$2 mln
Q3 Adjusted EBITDA$21 mln
Q3 Adjusted Free Cash Flow$31 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the oil related services and equipment peer group is "buy" Wall Street's median 12-month price target for Oil States International Inc is $7.75, about 12.5% above its October 30 closing price of $6.78 The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nBw8WBRM9a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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