Oil States International Q4 2023 GAAP EPS $0.09, Inline, Sales $208.27M Miss $216.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oil States International (NYSE:OIS) reported Q4 2023 earnings of $0.09 per share, meeting analyst estimates. However, its quarterly sales of $208.27M fell short of the expected $216.22M, a 3.68% miss, though it represents a 2.88% increase from the previous year.
February 20, 2024 | 12:10 pm
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Oil States International reported Q4 2023 earnings per share of $0.09, aligning with estimates, but its sales of $208.27M missed the forecast by 3.68%, despite a year-over-year increase of 2.88%.
Meeting EPS estimates typically has a neutral to positive impact on stock price, as it shows the company is performing as expected. However, missing sales estimates can be seen negatively, as it indicates potential challenges in revenue growth. The slight year-over-year sales increase may mitigate negative perceptions, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100