Ranger Energy Services Q2 2024 GAAP EPS $0.21 Misses $0.22 Estimate, Sales $138.100M Miss $147.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services (NYSE:RNGR) reported Q2 2024 earnings per share of $0.21, missing the analyst estimate of $0.22. Sales were $138.1 million, also below the $147.8 million estimate. Both EPS and sales showed declines compared to the same period last year.
July 29, 2024 | 8:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ranger Energy Services reported Q2 2024 earnings per share of $0.21, missing the analyst estimate of $0.22. Sales were $138.1 million, also below the $147.8 million estimate. Both EPS and sales showed declines compared to the same period last year.
The earnings and sales figures both missed analyst estimates and showed declines compared to the same period last year. This is likely to negatively impact the stock price in the short term as it indicates weaker-than-expected performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100