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

RPC

25/07/2024 14:52

* RPC Inc  RES.N  reported quarterly adjusted earnings of 15
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 30
cents.  The mean expectation of five analysts for the quarter
was for earnings of 13 cents per share. Wall Street expected
results to range from 11 cents to 17 cents per share.
    * Revenue fell 12.4% to $364.15 million from a year ago;
analysts
expected $380.40 million. 
    * RPC Inc's reported EPS for the quarter was 15 cents​.
    * The company reported quarterly net income of $32.42
million.
    * RPC Inc shares had fallen by 7.7% this quarter and
lost 20.7% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.2%
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 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 $6.75 
This summary was machine generated from LSEG data July 25 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
 Jun. 30 2024      0.13           0.15           Beat
 Mar. 31 2024      0.17           0.13           Missed
 Dec. 31 2023      0.18           0.19           Beat
 Sep. 30 2023      0.24           0.08           Missed