KLX Energy Services Hldgs Q2 2024 Adj. EPS $(0.40) Beats $(0.80) Estimate, Sales $180.200M Miss $183.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
KLX Energy Services Holdings (NASDAQ:KLXE) reported a Q2 2024 adjusted EPS of $(0.40), beating the analyst estimate of $(0.80) by 50%. However, sales of $180.2 million missed the $183.1 million estimate and were down 22.99% year-over-year.
August 07, 2024 | 9:10 pm
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KLX Energy Services Holdings reported a Q2 2024 adjusted EPS of $(0.40), beating estimates by 50%. However, sales of $180.2 million missed expectations and were down 22.99% year-over-year.
The EPS beat is a positive sign, but the sales miss and significant year-over-year decline in revenue are concerning. This mixed result is likely to result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100