Cactus Inc reports results for the quarter ended in September 30 - Earnings Summary

• Cactus Inc WHD.N reported quarterly adjusted earnings of 79 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 80 cents. The mean expectation of nine analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 70 cents to 80 cents per share.

• Revenue rose 1.8% to $293.18 million from a year ago; analysts expected $288.09 million.

• Cactus Inc's reported EPS for the quarter was 74 cents​.

• The company reported quarterly net income of $49.93 million.

• Cactus Inc shares had fallen by 4.3% this quarter and gained 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and 1 "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 Cactus Inc is $61.00

This summary was machine generated from LSEG data October 31 at 02:50 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)