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

ProPetro Holding

31/07/2024 15:31

* ProPetro Holding Corp  PUMP.N  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 34 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 5 cents to 14 cents per share.
    * Revenue fell 18% to $357.02 million from a year ago;
analysts
expected $366.71 million. 
    * ProPetro Holding Corp's reported EPS for the quarter was a
loss
of 3 cents​.
    * The company reported a quarterly loss of $3.66 million.
    * ProPetro Holding Corp shares had risen by 2.8% this
quarter and
gained 6.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $12.00 
This summary was machine generated from LSEG data July 31 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
 Jun. 30 2024      0.08           -0.03          Missed
 Mar. 31 2024      0.05           0.18           Beat
 Dec. 31 2023      0.09           -0.08          Missed
 Sep. 30 2023      0.29           0.31           Beat