Select Water Solutions Inc reports results for the quarter ended in December - Earnings Summary

Select Water Solutions

21/02/2024 10:41

* Select Water Solutions Inc  WTTR.N  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 7 cents.  The mean expectation of
six analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 12 cents to 21
cents per share.
    * Revenue fell 1.8% to $374.80 million from a year ago;
analysts
expected $377.65 million. 
    * Select Water Solutions Inc's reported EPS for the quarter
was 27
cents​.
    * The company reported quarterly net income of $27.6
million.
    * Select Water Solutions Inc shares had risen by 3.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Select Water
Solutions Inc is $11.00 
This summary was machine generated from LSEG data February 21 at
10:41 a.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
 Dec. 31 2023      0.15           0.27           Beat
 Sep. 30 2023      0.23           0.14           Missed
 Jun. 30 2023      0.23           0.20           Missed
 Mar. 31 2023      0.14           0.12           Missed