Ranger Energy Services Q1 2024 GAAP EPS $(0.03) Misses $0.12 Estimate, Sales $136.900M Miss $144.750M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services (NYSE:RNGR) reported Q1 2024 GAAP EPS of $(0.03), missing the $0.12 estimate, and sales of $136.900M, missing the $144.750M estimate. This represents a significant decrease in performance compared to the same period last year.

May 07, 2024 | 10:42 am
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NEGATIVE IMPACT
Ranger Energy Services reported a significant miss in Q1 2024 earnings and sales, indicating a downturn from the previous year.
The miss in both earnings per share and sales compared to analyst estimates, along with a significant decrease from the previous year's figures, suggests a negative short-term impact on Ranger Energy Services' stock price. The magnitude of the miss and the comparison to last year's performance are critical factors likely to influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100