ProPetro Holding Corp reports results for the quarter ended in January 1 - Earnings Summary

ProPetro Holding

30/10/2024 15:22

* ProPetro Holding Corp  PUMP.N  reported quarterly adjusted
earnings of 13 cents​​ per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 31 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 4 cents per share. Wall
Street expected results to range from -3 cents to 18 cents per
share.
    * Revenue fell 14.9% to $360.87 million from a year ago;
analysts
expected $364.74 million. 
    * ProPetro Holding Corp's reported EPS for the quarter was a
loss
of $1.32​.
    * The company reported a quarterly loss of $137.07 million.
    * ProPetro Holding Corp shares had fallen by 1.6% this
quarter and
lost 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 70.5%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "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 ProPetro Holding
Corp is $11.00 
This summary was machine generated from LSEG data October 30 at
03:22 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      0.04           0.13           Beat
 Jun. 30 2024      0.08           -0.03          Missed
 Mar. 31 2024      0.05           0.18           Beat
 Dec. 31 2023      0.09           -0.08          Missed