Recap: Select Water Solutions Q4 Earnings
Portfolio Pulse from Benzinga Insights
Select Water Solutions (NYSE:WTTR) reported Q4 earnings with an EPS of $0.27, surpassing estimates by 80% but with a revenue decrease of $6.82 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 1.88% the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.
February 20, 2024 | 9:25 pm
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POSITIVE IMPACT
Select Water Solutions reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year.
The substantial beat on earnings estimates is likely to positively impact investor sentiment and the stock price in the short term, similar to the previous quarter's performance despite missing EPS estimates. However, the decrease in revenue could temper some of the positive momentum.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90