RPC Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters
2024-10-25
<a href="https://laohu8.com/S/RES">RPC Inc</a> reports results for the quarter ended in September 30 - Earnings Summary
  • RPC Inc RES.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of five analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 10 cents to 14 cents per share.

  • Revenue rose 2.2% to $337.65 million from a year ago; analysts expected $369.76 million.

  • RPC Inc's reported EPS for the quarter was 9 cents​.

  • The company reported quarterly net income of $18.8 million.

  • RPC Inc shares had fallen by 1.1% this quarter and lost 13.6% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 25.8% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

  • The average consensus recommendation for the oil related services and equipment peer group is also "hold"

Wall Street's median 12-month price target for RPC Inc is 7.00

This summary was machine generated from LSEG data October 24 at 04:06 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

Sep. 30 2024

0.13

0.09

Missed

Jun. 30 2024

0.13

0.15

Beat

Mar. 31 2024

0.17

0.13

Missed

Dec. 31 2023

0.18

0.19

Beat

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