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

ProPetro Holding

01/05/2024 14:33

* ProPetro Holding Corp  PUMP.N  reported quarterly adjusted
earnings of 18 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 25 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from -5 cents to 15 cents per share.
    * Revenue fell 4.2% to $405.84 million from a year ago;
analysts
expected $392.12 million. 
    * ProPetro Holding Corp's reported EPS for the quarter was
18
cents​.
    * The company reported quarterly net income of $19.93
million.
    * ProPetro Holding Corp shares had risen by 7.9% this
quarter and
gained 4.1% 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, one analyst negatively revised an
earnings
estimate

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 May 1 at 01:33
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      0.05           0.18           Beat
 Dec. 31 2023      0.09           -0.08          Missed
 Sep. 30 2023      0.29           0.31           Beat
 Jun. 30 2023      0.41           0.34           Missed