Ranger Energy Services Q3 2024 GAAP EPS $0.39 Beats $0.22 Estimate, Sales $153.000M Beat $140.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services reported Q3 2024 earnings per share of $0.39, surpassing the analyst estimate of $0.22 by 77.27%. Sales were $153 million, exceeding the $140.9 million estimate, despite a 6.93% decrease from the previous year.
October 28, 2024 | 10:37 am
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POSITIVE IMPACT
Ranger Energy Services reported strong Q3 2024 results, with EPS of $0.39 beating estimates by 77.27% and sales of $153 million exceeding expectations. Despite a year-over-year sales decline, the earnings beat is likely to positively impact the stock price.
The significant earnings beat and sales exceeding expectations are positive indicators for Ranger Energy Services. Despite a year-over-year sales decline, the market is likely to react favorably to the strong earnings performance, leading to a potential short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100