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

RPC

25/10/2023 14:32

* RPC Inc  RES.N  reported quarterly adjusted earnings of 8
cents​​ per share for the quarter ended in September. The mean
expectation of five analysts for the quarter was for earnings of
24 cents per share.
    * Revenue fell 28.1% to $330.42 million from a year ago;
analysts
expected $378.17 million. 
    * RPC Inc's reported EPS for the quarter was 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 28%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * RPC Inc shares had fallen by 2.8% this quarter and
lost 2.2% so
far this year.
    * The company reported quarterly net income of $18.32
million.
    * Wall Street's median 12-month price target for RPC Inc is
$10.00
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.24           0.08           Missed
 Jun. 30 2023      0.36           0.30           Missed
 Mar. 31 2023      0.37           0.33           Missed
 Dec. 31 2022      0.29           0.40           Beat