Earnings Outlook For Ranger Energy Services
Portfolio Pulse from Benzinga Insights
Ranger Energy Services (NYSE:RNGR) is set to announce its quarterly earnings on October 28, 2024. Analysts estimate an EPS of $0.29. The company's past performance shows a positive price reaction to earnings beats. Currently, RNGR has a Neutral rating with a price target of $13.0, indicating a potential 5.86% upside. The company's revenue growth is lagging compared to peers, but it has strong profitability metrics.
October 25, 2024 | 7:01 pm
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POSITIVE IMPACT
Ranger Energy Services is expected to report an EPS of $0.29. The company's past earnings beats have led to significant stock price increases. Current analyst sentiment is Neutral with a price target of $13.0, suggesting a potential upside. Revenue growth is a concern, but profitability metrics are strong.
Ranger Energy Services has a history of stock price increases following earnings beats, as seen last quarter with a 13.54% rise. The current Neutral rating and price target suggest moderate optimism. Despite revenue growth challenges, strong profitability metrics like net margin and ROE provide a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100