RPC Inc reports results for the quarter ended March 31 - Earnings Summary

RPC Inc RES.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 13 cents.  The mean expectation of five analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.

Revenue fell 11.9% to $332.88 million from a year ago; analysts expected $324.29 million.

RPC Inc's reported EPS for the quarter was 6 cents​.

The company reported quarterly net income of $12.03 million.

RPC Inc shares had fallen by 10.4% this quarter and lost 17.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 37.4% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "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 April 24 at 01:32 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20250.050.06Beat
Dec. 31 20240.060.06Met
Sep. 30 20240.130.09Missed
Jun. 30 20240.130.15Beat

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