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

Solaris Energy Infrastructure

26/04/2024 01:57

* Solaris Oilfield Infrastructure Inc  SOI.N  reported
quarterly
adjusted earnings of 16 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 24 cents.  The mean expectation of
three analysts for the quarter was for earnings of 14 cents per
share. Wall Street expected results to range from 11 cents to 17
cents per share.
    * Revenue fell 17.9% to $67.89 million from a year ago;
analysts
expected $62.45 million. 
    * Solaris Oilfield Infrastructure Inc's reported EPS for the
quarter was 14 cents​.
    * The company reported quarterly net income of $4.04
million.
    * Solaris Oilfield Infrastructure Inc shares had fallen
by 2.0%
this quarter and gained 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 April 26 at
12:57 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
 Mar. 31 2024      0.14           0.16           Beat
 Dec. 31 2023      0.17           0.15           Missed
 Sep. 30 2023      0.23           0.19           Missed
 Jun. 30 2023      0.22           0.25           Beat