I would be surprised by any EPS below $0.34. They have added so much capacity, that even a bad quarter should put them at $0.34. If a few things went their way on utilization, material sourcing, or client pass-through recovery we could see $0.38.
Looks like the sector may have bottomed, as virtually all companies in oil services are rising, even one that missed a low earnings expectation (WTF). Virtually all of the reporting companies warned on Q2 as well, yet the market is clamoring to scoop up all of these bargains. RES, not so much, but probably because earnings are tomorrow.