RPC Inc reports results for the quarter ended in December - Earnings Summary

RPC

25/01/2024 14:32

* RPC Inc  RES.N  reported quarterly adjusted earnings of 19
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of five analysts for the quarter
was for earnings of 18 cents per share. Wall Street expected
results to range from 12 cents to 23 cents per share.
    * Revenue fell 18.2% to $394.53 million from a year ago;
analysts
expected $370.73 million. 
    * RPC Inc's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $40.26
million.
    * RPC Inc shares had fallen by 5.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17%
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 1 "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 RPC Inc is $8.00 
This summary was machine generated from LSEG data January 25 at
02:31 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      0.18           0.19           Beat
 Sep. 30 2023      0.24           0.08           Missed
 Jun. 30 2023      0.36           0.30           Missed
 Mar. 31 2023      0.37           0.33           Missed