Oil States International Q3 2024 Adj EPS $0.04 Misses $0.06 Estimate, Sales $174.35M Miss $192.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oil States International reported Q3 2024 earnings per share of $0.04, missing the consensus estimate of $0.06. Sales were $174.35 million, below the expected $192.72 million, and down 10.26% from the previous year.
October 30, 2024 | 11:04 am
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Oil States International's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.04 versus $0.06 expected and sales at $174.35M versus $192.72M expected. Sales also decreased by 10.26% year-over-year.
The earnings and sales miss, along with a year-over-year sales decline, are likely to negatively impact the stock price in the short term as they indicate weaker-than-expected financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100