ProPetro Holding Q2 EPS $0.34 Misses $0.41 Estimate, Sales $435.25M Miss $440.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProPetro Holding (NYSE:PUMP) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.41 by 17.07%. The company also reported quarterly sales of $435.25 million, missing the analyst consensus estimate of $440.67 million by 1.23%. However, both earnings and sales have increased compared to the same period last year.
August 04, 2023 | 10:57 am
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NEGATIVE IMPACT
ProPetro Holding's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increase in both earnings and sales might mitigate this impact.
ProPetro's Q2 earnings and sales missed analyst estimates, which is typically a negative signal for the stock. However, the YoY increase in both earnings and sales indicates the company's growth, which might offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100