Solaris Oilfield Infrastructure Inc reports results for the quarter ended in June - Earnings Summary

Solaris Energy Infrastructure

09/08/2024 24:23

* Solaris Oilfield Infrastructure Inc  SOI.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 25 cents.  The mean expectation of
three analysts for the quarter was for earnings of 12 cents per
share. Wall Street expected results to range from 9 cents to 15
cents per share.
    * Revenue fell 4.3% to $73.89 million from a year ago;
analysts
expected $65.65 million. 
    * Solaris Oilfield Infrastructure Inc's reported EPS for the
quarter was 20 cents​.
    * The company reported quarterly net income of $5.8 million.
    * Solaris Oilfield Infrastructure Inc shares had risen
by 33.1%
this quarter and gained 43.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.9%
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 "buy"
and
the breakdown of recommendations is 3 "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 also "buy"

Wall Street's median 12-month price target for Solaris Oilfield
Infrastructure Inc is $11.00 
This summary was machine generated from LSEG data August 8 at
11:23 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
 Jun. 30 2024      0.12           0.13           Beat
 Mar. 31 2024      0.14           0.16           Beat
 Dec. 31 2023      0.17           0.15           Missed
 Sep. 30 2023      0.23           0.19           Missed