ChampionX Corp reports results for the quarter ended December 31 - Earnings Summary

• ChampionX Corp CHX.OQ reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of seven analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 39 cents to 59 cents per share.

• Revenue fell 3.3% to $912.04 million from a year ago; analysts expected $913.61 million.

• ChampionX Corp's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $82.77 million.

• ChampionX Corp shares had risen by 4.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil related services and equipment peer group is "buy."

Wall Street's median 12-month price target for ChampionX Corp is $41.00

This summary was machine generated from LSEG data February 4 at 10:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)