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

Ranger Energy Services

07/05/2024 14:52

* Ranger Energy Services Inc  RNGR.N  reported a quarterly
adjusted loss of 3 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 four analysts
for the quarter was for earnings of 7 cents per share. Wall
Street expected results to range from -2 cents to 18 cents per
share.
    * Revenue fell 13.1% to $136.90 million from a year ago;
analysts
expected $144.75 million. 
    * Ranger Energy Services Inc's reported EPS for the quarter
was a
loss of 3 cents​.
    * The company reported a quarterly loss of $800 thousand.
    * Ranger Energy Services Inc shares had fallen by 11.3% this
quarter and lost 2.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 77.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $12.50 
This summary was machine generated from LSEG data May 7 at 01:52
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      0.07           -0.03          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