ProPetro Holding Q1 2024 GAAP EPS $0.18 Beats $0.07 Estimate, Sales $405.843M Beat $392.121M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProPetro Holding (NYSE:PUMP) reported Q1 2024 earnings of $0.18 per share, surpassing the $0.07 estimate, with sales of $405.843M also beating the $392.121M forecast. However, both earnings and sales saw a decrease compared to the same period last year.
May 01, 2024 | 11:03 am
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ProPetro Holding reported a significant beat on Q1 2024 earnings and sales forecasts, with EPS at $0.18 against a $0.07 estimate and sales of $405.843M exceeding expectations.
Beating both earnings and sales estimates significantly, especially by 157.14% for EPS, is likely to instill investor confidence and could lead to a short-term positive impact on ProPetro Holding's stock price. However, the year-over-year decrease in both metrics might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100