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

ProPetro Holding

01/11/2023 13:32

* ProPetro Holding Corp  PUMP.N  reported quarterly adjusted
earnings of 31 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 23 cents to 40
cents per share.
    * Revenue rose 27.3% to $423.80 million from a year ago;
analysts
expected $412.92 million. 
    * ProPetro Holding Corp's reported EPS for the quarter was
31
cents​.
    * The company reported quarterly net income of $34.75
million.
    * ProPetro Holding Corp shares had fallen by 1.4% this
quarter and
gained 1.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.9%
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 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 $13.00 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.33           0.12           Missed