Ranger Energy Services Q2 EPS $0.24 Misses $0.42 Estimate, Sales $163.20M Miss $171.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
Ranger Energy Services (NYSE:RNGR) reported Q2 earnings of $0.24 per share, missing the analyst consensus estimate of $0.42 by 42.86%. The company also reported quarterly sales of $163.20 million, missing the analyst consensus estimate of $171.00 million by 4.56%. However, this represents a 1300% increase in earnings and a 6.25% increase in sales compared to the same period last year.
August 07, 2023 | 9:14 pm
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Ranger Energy Services missed Q2 earnings and sales estimates. This could negatively impact investor sentiment and the company's stock price in the short term.
Ranger Energy Services reported lower than expected earnings and sales for Q2. This could lead to a decrease in the company's stock price as it indicates that the company is not performing as well as expected. The magnitude of the miss on both earnings and sales estimates could further exacerbate the negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100