RPC Q2 2024 Adj EPS $0.15 Beats $0.13 Estimate, Sales $364.153M Miss $380.395M Estimate
Portfolio Pulse from Benzinga Newsdesk
RPC (NYSE:RES) reported Q2 2024 adjusted EPS of $0.15, beating the analyst estimate of $0.13. However, sales of $364.153 million missed the $380.395 million estimate. EPS decreased by 50% year-over-year, and sales decreased by 12.43% year-over-year.
July 25, 2024 | 10:47 am
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RPC (NYSE:RES) reported Q2 2024 adjusted EPS of $0.15, beating the analyst estimate of $0.13. However, sales of $364.153 million missed the $380.395 million estimate. EPS decreased by 50% year-over-year, and sales decreased by 12.43% year-over-year.
While RPC's EPS beat expectations, the significant year-over-year decline in both EPS and sales, along with the sales miss, creates a mixed outlook. Investors may react neutrally in the short term as positive EPS is offset by declining sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100