ProPetro Holding Q4 EPS $(0.16), Sales $347.78M Miss $359.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProPetro Holding (NYSE:PUMP) reported a Q4 EPS of $(0.16), a significant decrease from the previous year's $0.12 per share. Quarterly sales were $347.78M, missing the $359.44M estimate and marking a slight decrease from last year's $348.92M.
February 21, 2024 | 12:07 pm
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NEGATIVE IMPACT
ProPetro Holding reported a significant decrease in EPS and missed sales estimates for Q4, indicating a challenging quarter.
The reported decrease in EPS and missed sales estimates are clear indicators of financial underperformance for the quarter. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100