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

Ranger Energy Services

29/07/2024 22:50

* Ranger Energy Services Inc  RNGR.N  reported quarterly
adjusted
earnings of 21 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 24 cents.  The mean expectation of four analysts for the
quarter was for earnings of 13 cents per share. Wall Street
expected results to range from 6 cents to 22 cents per share.
    * Revenue fell 15.4% to $138.10 million from a year ago;
analysts
expected $147.80 million. 
    * Ranger Energy Services Inc's reported EPS for the quarter
was 21
cents​.
    * The company reported quarterly net income of $4.7 million.
    * Ranger Energy Services Inc shares had risen by 8.9% this
quarter and gained 12.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 July 29 at
09:50 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      0.13           0.21           Beat
 Mar. 31 2024      0.07           -0.03          Missed
 Dec. 31 2023      0.29           0.09           Missed
 Sep. 30 2023      0.47           0.38           Missed