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

Select Water Solutions

30/04/2024 23:56

* Select Water Solutions Inc  WTTR.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 12 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 3 cents to 15 cents per share.
    * Revenue fell 12% to $366.55 million from a year ago;
analysts
expected $369.51 million. 
    * Select Water Solutions Inc's reported EPS for the quarter
was 4
cents​.
    * The company reported quarterly net income of $3.63
million.
    * Select Water Solutions Inc shares had risen by 3.0% this
quarter and gained 25.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 65.3%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $11.25 
This summary was machine generated from LSEG data April 30 at
10:56 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
 Mar. 31 2024      0.07           0.04           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