Ranger Energy Services Inc reports results for the quarter ended in December - Earnings Summary

Ranger Energy Services

05/03/2024 23:58

* Ranger Energy Services Inc  RNGR.N  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 30 cents.  The mean expectation of
four analysts for the quarter was for earnings of 29 cents per
share. Wall Street expected results to range from 24 cents to 33
cents per share.
    * Revenue fell 1.8% to $151.50 million from a year ago;
analysts
expected $151.00 million. 
    * Ranger Energy Services Inc's reported EPS for the quarter
was 9
cents​.
    * The company reported quarterly net income of $2.1 million.
    * Ranger Energy Services Inc shares had risen by 2.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.5%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "hold"

Wall Street's median 12-month price target for Ranger Energy
Services Inc is $12.00 
This summary was machine generated from LSEG data March 5 at
11:58 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      0.29           0.09           Missed
 Sep. 30 2023      0.47           0.38           Missed
 Jun. 30 2023      0.44           0.24           Missed
 Mar. 31 2023      0.29           0.25           Missed