RPC Inc reports results for the quarter ended December 31 - Earnings Summary

• RPC Inc RES.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of five analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 5 cents to 7 cents per share.

• Revenue fell 15% to $335.36 million from a year ago; analysts expected $323.98 million.

• RPC Inc's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $12.76 million.

• RPC Inc shares had risen by 8.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the oil related services and equipment peer group is also "hold"

Wall Street's median 12-month price target for RPC Inc is $7.00

This summary was machine generated from LSEG data January 30 at 02:31 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)