ProPetro Holding Corp reports results for the quarter ended in December - Earnings Summary

ProPetro Holding

21/02/2024 14:31

* ProPetro Holding Corp  PUMP.N  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 12 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 2 cents to 16 cents per share.
    * Revenue fell 0.3% to $347.78 million from a year ago;
analysts
expected $359.44 million. 
    * ProPetro Holding Corp's reported EPS for the quarter was a
loss
of 16 cents​.
    * The company reported a quarterly loss of $17.11 million.
    * ProPetro Holding Corp shares had fallen by 2.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 34.3%
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 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is  "hold."

Wall Street's median 12-month price target for ProPetro Holding
Corp is $12.00 
This summary was machine generated from LSEG data February 21 at
02:31 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
 Dec. 31 2023      0.09           -0.08          Missed
 Sep. 30 2023      0.29           0.31           Beat
 Jun. 30 2023      0.41           0.34           Missed
 Mar. 31 2023      0.46           0.25           Missed