* ChampionX Corp reported quarterly adjusted earnings of 44 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of nine analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 39 cents to 50 cents per share.
* Revenue fell 3.5% to $906.53 million from a year ago; analysts expected $932.24 million.
* ChampionX Corp's reported EPS for the quarter was 37 cents.
* The company reported quarterly net income of $72.01 million.
* ChampionX Corp shares had fallen by 1.9% this quarter and gained 1.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil related services and equipment peer group is also "buy"
Wall Street's median 12-month price target for ChampionX Corp is $44.00 This summary was machine generated from LSEG data October 24 at 03:01 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.46 0.44 Missed
Jun. 30 2024 0.46 0.37 Missed
Mar. 31 2024 0.40 0.50 Beat
Dec. 31 2023 0.44 0.44 Met
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