ProPetro Q3 GAAP EPS $0.31 Beats $0.29 Estimate, Sales $423.80M Beat $412.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProPetro Holding (NYSE:PUMP) reported Q3 earnings of $0.31 per share, beating the analyst consensus estimate of $0.29 by 6.9%. This is a 210% increase from the same period last year. The company also reported quarterly sales of $423.80 million, beating the analyst consensus estimate of $412.92 million by 2.63%. This is a 27.26% increase from the same period last year.
November 01, 2023 | 11:04 am
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POSITIVE IMPACT
ProPetro's Q3 earnings and sales exceeded analyst estimates, indicating strong financial performance. This could positively impact the company's stock price in the short term.
ProPetro's Q3 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors. This could lead to increased investor confidence and demand for the stock, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100