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

Select Water Solutions

31/10/2023 21:02

* Select Water Solutions Inc  WTTR.N  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 22 cents.The mean expectation of
five analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 21 cents to 25
cents per share.
    * Revenue rose 3.8% to $389.27 million from a year ago;
analysts
expected $402.59 million. 
    * Select Water Solutions Inc's reported EPS for the quarter
was 14
cents​.
    * The company reported quarterly net income of $14.35
million.
    * Select Water Solutions Inc shares had fallen by 6.7% this
quarter and lost 19.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.8%
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 October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.23           0.14           Missed
 Jun. 30 2023      0.23           0.20           Missed
 Mar. 31 2023      0.14           0.12           Missed
 Dec. 31 2022      0.24           0.07           Missed