RPC Q2 Adj. EPS $0.30 Misses $0.36 Estimate, Sales $415.86M Miss $492.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
RPC (NYSE:RES) reported Q2 earnings of $0.30 per share, missing the analyst consensus estimate of $0.36 by 16.67%. The company also reported quarterly sales of $415.86 million, missing the analyst consensus estimate of $492.27 million by 15.52%. However, both earnings and sales have increased compared to the same period last year.
July 26, 2023 | 10:48 am
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NEGATIVE IMPACT
RPC's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
RPC's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price. However, the YoY growth in both earnings and sales might mitigate this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100