Ranger Energy Services Q4 EPS $0.09 Misses $0.29 Estimate, Sales $151.50M Beat $151.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services (NYSE:RNGR) reported Q4 earnings of $0.09 per share, missing the consensus estimate of $0.29 by 68.97%. Year-over-year, earnings decreased by 70% from $0.30 per share. Q4 sales were $151.50M, slightly above the estimate of $151.00M, but marked a 1.81% decrease from $154.30M in the same period last year.

March 05, 2024 | 7:05 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ranger Energy Services reported a significant miss in Q4 EPS at $0.09 vs. the expected $0.29 and a slight beat in sales at $151.50M against the $151.00M estimate. Year-over-year, earnings and sales both decreased.
The significant miss in earnings per share (EPS) and the year-over-year decrease in both earnings and sales are likely to negatively impact investor sentiment towards RNGR in the short term. The slight beat in sales does not sufficiently offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100