Earnings Preview For Ranger Energy Services
Portfolio Pulse from Benzinga Insights
Ranger Energy Services (NYSE:RNGR) is set to release its latest quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.47. The company's stock price often reacts more to the guidance provided than the earnings beat or miss. Last quarter, the company missed EPS by $0.18, which was followed by a 7.51% increase in the share price. Over the last 52-week period, shares are up 24.91%.
October 30, 2023 | 9:01 pm
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Ranger Energy Services is expected to report an EPS of $0.47 in its upcoming earnings. The company's stock price often reacts more to the guidance provided than the earnings beat or miss. Last quarter, the company missed EPS by $0.18, which was followed by a 7.51% increase in the share price.
The upcoming earnings report and the company's guidance will likely have a significant impact on the stock price. Last quarter, despite missing the EPS estimate, the stock price increased by 7.51%. Therefore, it's difficult to predict the short-term price direction based on the earnings alone. The company's guidance and market sentiment will also play a crucial role.
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