Oil States International Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters10-30

* Oil States International Inc reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of four analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.

* Revenue fell 10.3% to $174.35 million from a year ago; analysts expected $192.72 million.

* Oil States International Inc's reported EPS for the quarter was a loss of 23 cents​.

* The company reported a quarterly loss of $14.35 million.

* Oil States International Inc shares had fallen by 9.1% this quarter and lost 38.4% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 26.7% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "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 Oil States International Inc is $7.25 This summary was machine generated from LSEG data October 30 at 03:12 p.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 0.06 0.04 Missed

Jun. 30 2024 0.04 0.07 Beat

Mar. 31 2024 -0.01 -0.03 Missed

Dec. 31 2023 0.09 0.09 Met

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