Expro Group Holdings Q2 Adj EPS $0.17 Misses $0.34 Estimate, Sales $396.92M Beat $363.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Expro Group Holdings (NYSE:XPRO) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.34 by 50%. However, the company's quarterly sales of $396.92 million beat the analyst consensus estimate of $363.01 million by 9.34%, marking a 26.56% increase over the same period last year.
July 27, 2023 | 11:03 am
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Expro Group's Q2 earnings per share missed estimates by 50%, but sales exceeded expectations by 9.34% and increased 26.56% YoY.
Expro Group's earnings miss could negatively impact the stock price. However, the strong sales performance, beating estimates and showing significant YoY growth, could offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100