Recap: KLX Energy Services Hldgs Q4 Earnings
Portfolio Pulse from Benzinga Insights
KLX Energy Services Hldgs (NASDAQ:KLXE) reported Q4 earnings with a significant miss, having an EPS of $-0.54 against an estimate of $0.01. Revenue also decreased by $29.10 million from the previous year. The company's past earnings performance showed a miss on EPS by $0.03 last quarter, leading to a 1.0% drop in share price the following day.
March 06, 2024 | 9:30 pm
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KLX Energy Services Hldgs reported a significant miss in Q4 earnings with an EPS of $-0.54 against an estimate of $0.01, and a decrease in revenue by $29.10 million from the previous year.
The significant miss in both EPS and revenue reported by KLXE is likely to negatively impact investor sentiment and the stock price in the short term. Historical data from the last quarter shows a direct correlation between earnings misses and subsequent share price drops, suggesting a similar outcome could be expected following this announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100