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

RPC

25/04/2024 22:52

* RPC Inc  RES.N  reported quarterly adjusted earnings of 13
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 33
cents.  The mean expectation of five analysts for the quarter
was for earnings of 17 cents per share. Wall Street expected
results to range from 17 cents to 19 cents per share.
    * Revenue fell 20.7% to $377.83 million from a year ago;
analysts
expected $390.92 million. 
    * RPC Inc's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $27.47
million.
    * RPC Inc shares had risen by 2.3% this quarter and
gained 8.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18%
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 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 April 25 at
09:52 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      0.17           0.13           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