KLX Energy Services Hldgs Q2 Adj $0.81 Beats $0.79 Estimate, Sales $234.00M Miss $248.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
KLX Energy Services Hldgs (NASDAQ:KLXE) reported Q2 earnings of $0.71 per share, missing the analyst consensus estimate of $0.79 by 10.13 percent. The company also reported quarterly sales of $234.00 million, missing the analyst consensus estimate of $248.10 million by 5.68 percent. However, these figures represent a 205.97 percent increase in earnings and a 26.90 percent increase in sales compared to the same period last year.
August 09, 2023 | 8:28 pm
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NEGATIVE IMPACT
KLXE's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the significant YoY growth could mitigate this impact.
KLXE's missed earnings and sales estimates are typically seen as negative by the market and could lead to a short-term drop in the stock price. However, the significant YoY growth in both earnings and sales could be seen as a positive sign of the company's overall performance and could mitigate the negative impact of the missed estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100