Solaris Energy Infrastructure Inc reports results for the quarter ended in September 30 - Earnings Summary

Solaris Energy Infrastructure

05/11/2024 08:00

* Solaris Energy Infrastructure Inc  SEI.N  reported
quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 19 cents.  The mean expectation of
two analysts for the quarter was for earnings of 9 cents per
share. Wall Street expected results to range from 4 cents to 14
cents per share.
    * Revenue rose 7.7% to $75.02 million from a year ago;
analysts
expected $72.20 million. 
    * Solaris Energy Infrastructure Inc's reported EPS for the
quarter
was a loss of 4 cents​.
    * The company reported a quarterly loss of $1.2 million.
    * Solaris Energy Infrastructure Inc shares had risen by 6.8%
this
quarter and gained 71.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 32%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is  "buy."

Wall Street's median 12-month price target for Solaris Energy
Infrastructure Inc is 16.50 
This summary was machine generated from LSEG data November 5 at
08:00 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
 Sep. 30 2024      0.09           0.08           Missed
 Jun. 30 2024      0.12           0.13           Beat
 Mar. 31 2024      0.14           0.16           Beat
 Dec. 31 2023      0.17           0.15           Missed