KLX Energy Services Hldgs Q3 2023 Adj EPS $0.51 Misses $0.54 Estimate, Sales $220.60M Miss $224.27M Estimate
Portfolio Pulse from totan@benzinga.com
KLX Energy Services Hldgs (NASDAQ:KLXE) reported Q3 2023 earnings of $0.51 per share, missing the analyst consensus estimate of $0.54 by 5.56%. This is a 46.87% decrease from the same period last year. The company also reported quarterly sales of $220.60 million, missing the analyst consensus estimate of $224.27 million by 1.64%. This is a 0.45% decrease from the same period last year.
November 06, 2023 | 9:38 pm
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KLXE's Q3 2023 earnings and sales missed estimates, with a significant YoY decrease in earnings. This could negatively impact the stock price in the short term.
KLXE's earnings and sales for Q3 2023 both missed estimates, with a significant year-over-year decrease in earnings. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100