RPC Inc reports results for the quarter ended in September 30 - Earnings Summary

RPC

24/10/2024 17:06

* RPC Inc  RES.N  reported quarterly adjusted earnings of 9
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 8 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 10 cents to 14 cents per share.
    * Revenue rose 2.2% to $337.65 million from a year ago;
analysts
expected $369.76 million. 
    * RPC Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $18.8
million.
    * RPC Inc shares had fallen by 1.1% this quarter and
lost 13.6% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.8%
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 7.00 
This summary was machine generated from LSEG data October 24 at
04:06 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      0.13           0.09           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