Select Energy Services Q4 2023 GAAP EPS $0.27 Beats $0.15 Estimate, Sales $374.86M Miss $377.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Select Energy Services (NYSE:WTTR) reported Q4 2023 earnings of $0.27 per share, surpassing the $0.15 estimate by 80%. However, its sales of $374.86M fell short of the $377.65M estimate by 0.74% and marked a 1.79% decrease from the previous year.
February 20, 2024 | 9:20 pm
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Select Energy Services reported higher-than-expected Q4 2023 earnings but missed sales estimates and saw a year-over-year decline.
While the beat on earnings per share (EPS) is positive, the miss on sales estimates and the year-over-year decline in sales could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the positive earnings surprise may be offset by concerns over sales performance.
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