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Why Is RPC (RES) Down 25% Since Last Earnings Report?

Zacks Equity Research

It has been about a month since the last earnings report for RPC (RES). Shares have lost about 25% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is RPC due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in estimates revision. The consensus estimate has shifted -340.58% due to these changes.

VGM Scores

At this time, RPC has a nice Growth Score of B, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise RPC has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.


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Zacks Investment Research