KLX Energy Services Hldgs Q1 2024 Adj EPS $(1.24) Misses $(0.61) Estimate, Sales $174.700M Miss $181.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
KLX Energy Services Holdings (KLXE) reported Q1 2024 adjusted EPS of $(1.24), missing the $(0.61) estimate, and sales of $174.7M, missing the $181.8M estimate. This represents a significant decrease from the previous year's earnings and sales.
May 07, 2024 | 10:05 pm
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NEGATIVE IMPACT
KLX Energy Services Holdings reported significantly lower earnings and sales for Q1 2024 compared to estimates and last year's figures.
The substantial miss in both earnings per share and sales compared to analyst estimates, along with a significant decrease from the previous year's figures, is likely to negatively impact investor sentiment and KLXE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100