Ranger Energy Services Inc reports results for the quarter ended in September 30 - Earnings Summary

Ranger Energy Services

28/10/2024 19:52

* Ranger Energy Services Inc  RNGR.N  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 38 cents.  The mean expectation of two analysts
for the quarter was for earnings of 29 cents per share. Wall
Street expected results to range from 22 cents to 35 cents per
share.
    * Revenue fell 6.9% to $153.00 million from a year ago;
analysts
expected $140.90 million. 
    * Ranger Energy Services Inc's reported EPS for the quarter
was 39
cents​.
    * The company reported quarterly net income of $8.7 million.
    * Ranger Energy Services Inc shares had risen by 3.5% this
quarter and gained 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.5%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "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 Ranger Energy
Services Inc is $13.00 
This summary was machine generated from LSEG data October 28 at
07:52 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
 Sep. 30 2024      0.29           0.39           Beat
 Jun. 30 2024      0.13           0.21           Beat
 Mar. 31 2024      0.07           -0.03          Missed
 Dec. 31 2023      0.29           0.09           Missed