ChampionX Q2 2024 GAAP EPS $0.27 Misses $0.46 Estimate, Sales $893.300M Miss $959.287M Estimate
Portfolio Pulse from Benzinga Newsdesk
ChampionX (NASDAQ:CHX) reported Q2 2024 earnings per share of $0.27, missing the analyst estimate of $0.46 by 41.3%. The company also reported sales of $893.3 million, which missed the estimate of $959.287 million by 6.88%. This represents a 3.59% decrease from the same period last year.
July 24, 2024 | 9:03 pm
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ChampionX reported Q2 2024 earnings per share of $0.27, missing the analyst estimate of $0.46 by 41.3%. Sales also missed estimates, coming in at $893.3 million versus the expected $959.287 million, a 3.59% decrease from the same period last year.
The significant miss in both EPS and sales compared to analyst estimates is likely to negatively impact the stock price in the short term. The 41.3% miss in EPS and 6.88% miss in sales, along with a year-over-year sales decline, indicate weaker-than-expected performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100