Cactus Q2 EPS $0.38 Misses $0.69 Estimate, Sales $305.82M Beat $302.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cactus (NYSE:WHD) reported Q2 earnings of $0.38 per share, missing the analyst consensus estimate of $0.69 by 44.93%. This is a 13.64% decrease from the same period last year. However, the company reported quarterly sales of $305.82 million, beating the analyst consensus estimate of $302.53 million by 1.09%. This is a 79.67% increase from the same period last year.
August 07, 2023 | 9:16 pm
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NEUTRAL IMPACT
Cactus' Q2 earnings per share missed estimates by 44.93%, but sales beat estimates by 1.09%. This mixed result could lead to uncertainty in the market.
Cactus' earnings miss could negatively impact the stock as it indicates lower profitability. However, the sales beat could offset this as it shows strong demand for the company's products. The net impact on the stock is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100