ProPetro Holding (PUMP) Reports Q1 Loss, Lags Revenue Estimates

By Zacks10 days ago

ProPetro Holding (PUMP) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this oilfield services company would post a loss of $0.20 per share when it actually produced a loss of $0.13, delivering a surprise of 35%.


Over the last four quarters, the company has surpassed consensus EPS estimates just once.

ProPetro, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $161.46 million for the quarter ended March 2021, missing the Zacks Consensus Estimate by 3.57%. This compares to year-ago revenues of $395.07 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Continue read on