RPC Q4 Adj EPS $0.19 Beats $0.18 Estimate, Sales $394.53M Beat $370.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
RPC, Inc. (NYSE:RES) reported Q4 adjusted EPS of $0.19, surpassing the consensus estimate of $0.18, and sales of $394.53M, exceeding the estimate of $370.73M. However, these figures represent a decrease from the previous year, with earnings down 53.66% and sales down 18.15%.
January 25, 2024 | 11:47 am
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RPC, Inc. reported higher-than-expected Q4 earnings and sales, but with significant declines from the previous year's figures.
While RPC, Inc. exceeded analyst estimates for Q4, the substantial year-over-year decline in both earnings and sales may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on estimates could provide some positive sentiment, but the decline in performance compared to the previous year could raise concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100