CORRECTION: Oil States International Q1 2024 Adj EPS $(0.03) Misses $(0.01) Estimate, Sales $167.262M Miss $190.075M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oil States International (NYSE:OIS) reported Q1 2024 adjusted EPS of $(0.03), missing estimates by 200% and marking a decrease from the previous year's earnings. Sales were $167.262M, missing estimates by 12% and showing a 14.75% decrease from the previous year.
April 26, 2024 | 11:25 am
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NEGATIVE IMPACT
Oil States International reported a significant miss in both EPS and sales for Q1 2024, with adjusted EPS at $(0.03) and sales at $167.262M.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a year-over-year decrease in performance, is likely to negatively impact investor sentiment and the stock price of Oil States International in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100