Earnings Preview For ProPetro Holding
Portfolio Pulse from Benzinga Insights
ProPetro Holding (NYSE:PUMP) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.09. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 3.44% drop. Shares are currently trading at $8.3, down 8.66% over the last year. Investors are looking for positive guidance for the next quarter.

February 20, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
ProPetro Holding is expected to report an EPS of $0.09 for the latest quarter. Historical data shows mixed reactions to past earnings, with a recent 3.44% drop after beating estimates. Shares have declined 8.66% over the last year.
The expected EPS of $0.09 sets a cautious tone for investors, given PUMP's history of mixed stock reactions to earnings reports. The recent decline in share price over the past year further adds to investor apprehension. However, the company's ability to beat past EPS estimates could indicate potential for positive surprises, making the short-term impact neutral as investors may adopt a wait-and-see approach until the earnings call provides clearer guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100