Select Energy Services Q1 2024 GAAP EPS $0.04 Misses $0.07 Estimate, Sales $366.548M Miss $369.510M Estimate
Portfolio Pulse from Benzinga Newsdesk
Select Energy Services (NYSE:WTTR) reported Q1 2024 earnings of $0.04 per share, missing the $0.07 estimate, and sales of $366.548M, below the $369.510M estimate. This represents a 66.67% decrease in earnings and a 12.01% decrease in sales from the same period last year.
April 30, 2024 | 8:33 pm
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Select Energy Services reported lower than expected Q1 2024 earnings and sales, indicating a significant decrease from the previous year.
The miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
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