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

Select Water Solutions

31/07/2024 01:30

* Select Water Solutions Inc  WTTR.N  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 20 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 9 cents to 14 cents per share.
    * Revenue fell 9.8% to $365.13 million from a year ago;
analysts
expected $371.48 million. 
    * Select Water Solutions Inc's reported EPS for the quarter
was 13
cents​.
    * The company reported quarterly net income of $12.87
million.
    * Select Water Solutions Inc shares had risen by 7.6% this
quarter and gained 51.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.1%
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 5 "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 $12.50 
This summary was machine generated from LSEG data July 31 at
12:29 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
 Jun. 30 2024      0.11           0.13           Beat
 Mar. 31 2024      0.07           0.04           Missed
 Dec. 31 2023      0.15           0.27           Beat
 Sep. 30 2023      0.23           0.14           Missed