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Earnings Preview for Cactus

Benzinga Insights
·2 min read

On Wednesday, February 24, Cactus (NYSE:WHD) will release its latest earnings report. Here is Benzinga's outlook for the company.

What Are Earnings, Net Income, 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

Wall Street analysts see Cactus reporting earnings of $0.06 per share on revenue of $68.23 million. Cactus reported a per-share profit of $0.37 when it published results during the same quarter last year. Sales in that period totaled $140.24 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

View more earnings on WHD

The analyst consensus estimate would represent a 83.78% decrease in the company's earnings. Sales would be down 51.35% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:

EPS Estimate

0.02

-0.01

0.35

0.36

EPS Actual

0.13

0.10

0.41

0.37

Revenue Estimate

55.57 M

60.80 M

143.11 M

141.69 M

Revenue Actual

59.79 M

66.55 M

154.14 M

140.24 M

Stock Performance

Shares of Cactus were trading at $30.71 as of February 22. Over the last 52-week period, shares are up 15.05%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Cactus is scheduled to hold the call at 10:00:00 ET and can be accessed here.

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