ChampionX Q3 2024 Adj. EPS $0.44 Misses $0.46 Estimate, Sales $906.533M Miss $932.238M Estimate
Portfolio Pulse from Benzinga Newsdesk
ChampionX reported Q3 2024 earnings per share of $0.44, missing the consensus estimate of $0.46. Sales were $906.533 million, below the expected $932.238 million, and down 3.54% from the previous year.
October 23, 2024 | 9:26 pm
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NEGATIVE IMPACT
ChampionX's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.44 and sales at $906.533 million. This underperformance may negatively impact the stock price in the short term.
The earnings per share and sales figures both missed analyst expectations, which typically leads to negative sentiment and potential short-term stock price decline. The decrease in sales compared to the previous year further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100