Solaris Oilfield Infrastructure Inc expected to post earnings of 12 cents a share - Earnings Preview

Solaris Energy Infrastructure

07/08/2024 03:24

* Solaris Oilfield Infrastructure Inc  SOI.N   SOI  is
expected
to show a fall in quarterly revenue when it reports  results on
August 8 for the period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
15.0% decrease in revenue to $65.65 million from $77.2 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on July 9 2024, for the
period ended June 30, was for revenue between $70.00 million and
$75.00 million.
    * ​LSEG's mean analyst estimate for Solaris Oilfield
Infrastructure Inc is for earnings of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Solaris
Oilfield
Infrastructure Inc is $11.00​, below​ its last closing price
of $11.60. ​​​

The company's guidance on July 9 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD70 million and USD21 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.18        0.14       0.16      Beat    13.2
 Dec. 31 2024  0.18        0.17       0.15      Missed  -9.6
 Sep. 30 2023  0.23        0.23       0.19      Missed  -19.1​
 Jun. 30 2023  0.25        0.22       0.25      Beat    11.9
 ​​Mar.        0.21        0.21       0.24      Beat    14.9
 31 2023                                                
 Dec. 31 2022  0.24        0.23       0.22      Missed  -2.5​
 Sep. 30 2022  0.23        0.23       0.24      Beat    4.3
 Jun. 30 2022  0.15        0.13       0.20      Beat    59
 This summary was machine generated August 7 at 02:24 GMT.  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)