Earnings Outlook For ProPetro Holding
ProPetro Holding (NYSE:PUMP) releases its next round of earnings this Tuesday, February 23. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Analysts are predicting ProPetro Holding will report a loss of $0.18 per share on revenue of $152.10 million. In the same quarter last year, ProPetro Holding announced EPS of $0.22 on revenue of $434.79 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The Wall Street consensus estimate for earnings would represent a 181.82% decrease for the company. Sales would be down 65.02% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
EPS Estimate | -0.25 | -0.20 | 0.20 | 0.31 |
EPS Actual | -0.29 | -0.26 | 0.09 | 0.22 |
Revenue Estimate | 138.20 M | 111.14 M | 390.56 M | 403.95 M |
Revenue Actual | 133.71 M | 106.11 M | 395.07 M | 434.79 M |
Stock Performance
Shares of ProPetro Holding were trading at $9.48 as of February 19. Over the last 52-week period, shares are down 2.7%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. ProPetro Holding is scheduled to hold the call at 09:00:00 ET and can be accessed here.
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