Select Energy Services Q3 EPS $0.14 Misses $0.23 Estimate, Sales $389.27M Miss $402.59M Estimate
Portfolio Pulse from mahesh@benzinga.com
Select Energy Services (NYSE:WTTR) reported Q3 earnings of $0.14 per share, missing the analyst consensus estimate of $0.23 by 39.13%. This is a 36.36% decrease from the same period last year. The company also reported quarterly sales of $389.27 million, missing the analyst consensus estimate of $402.59 million by 3.31%. This is a 3.79% increase from the same period last year.
October 31, 2023 | 8:41 pm
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NEGATIVE IMPACT
Select Energy Services' Q3 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Select Energy Services reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100