您现在的位置是:7 h f b q y k f i f s o x 0 q q q j y j h c c o u b > Fashion
【invisalign causing gaps in teeth】ProPetro Holding (PUMP) Reports Q3 Loss, Lags Revenue Estimates
7 h f b q y k f i f s o x 0 q q q j y j h c c o u b2024-09-29 12:30:13【Fashion】1人已围观
简介ProPetro Holding (PUMP) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus invisalign causing gaps in teeth
ProPetro Holding (PUMP) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.25. This invisalign causing gaps in teethcompares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -16%. A quarter ago, it was expected that this oilfield services company would post a loss of $0.20 per share when it actually produced a loss of $0.26, delivering a surprise of -30%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
ProPetro, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $133.71 million for the quarter ended September 2020, missing the Zacks Consensus Estimate by 2.67%. This compares to year-ago revenues of $541.85 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ProPetro shares have lost about 64.9% since the beginning of the year versus the S&P 500's gain of 1.2%.
What's Next for ProPetro?
While ProPetro has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ProPetro was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.22 on $157.19 million in revenues for the coming quarter and -$0.49 on $797.39 million in revenues for the current fiscal year.
Story continues
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
很赞哦!(3913)
相关文章
- JPMorgan Agrees To Acquire Tax-Smart Fintech Startup 55ip
- How to Watch the 2019 Golden Globes on Sunday
- BRIEF-Eurocrane China's Shareholder To Unload Up To 5 Pct Stake Between March 4 And Aug 1
- Walgreens Boots Alliance (WBA) Stock Is Too Cheap to Be Ignored
- Lockheed Martin (LMT) Wins $1B Deal for Super Hercules Fleet
- Do Institutions Own B.A.G. Films and Media Limited (NSE:BAGFILMS) Shares?
- Psyched: The First Psychedelics ETF, Beckley Raises $19M, 3 Companies Go Public
- New Florida AG Ashley Moody Adds 2 Attorneys to Staff
- Xtierra Announces $1 Million Financing
- Braving dangerous waters, Iranians seek a better life in Britain
热门文章
站长推荐
Maybe the Coronavirus Didn’t End the Bull Market
How Many Ares Commercial Real Estate Corporation (NYSE:ACRE) Shares Do Institutions Own?
How to Navigate Family Inheritance Drama With Grace
Twitter Permanently Bans GOP’s Greene for Covid Misinformation
Upstate New York could be getting a Soho House
S&P 500 futures fall sharply after Apple cuts guidance
A Note On On Real International Holdings Limited’s (HKG:8245) ROE and Debt To Equity
The First Thing You Should Do in 2019
友情链接
- Forex Daily Outlook – February 1, 2019
- KKR becomes latest buyout heavyweight to suffer 4Q losses
- With A 4.6% Return On Equity, Is Kilitch Drugs (India) Limited (NSE:KILITCH) A Quality Stock?
- Answer This Question And Win A Free Ticket To A Conference Stacked With Wall Street's Brightest Minds
- NFL Secures Injunction Against 200 Unknown Defendants
- Yellowbrick Real Estate Changes Management; Announces Two Exciting Programs
- Fortnite Store Accepts Crypto – But Only Monero
- “Heartbroken” Amber Heard Speaks Out After Johnny Depp Wins Defamation Case
- Ethics Forum: Questions and Answers on Professional Responsibility
- A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)