ProPetro Holding Corp reports results for the quarter ended March 31 - Earnings Summary

• ProPetro Holding Corp PUMP.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of eight analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 3 cents to 11 cents per share.

• Revenue fell 11.4% to $359.42 million from a year ago; analysts expected $343.58 million.

• ProPetro Holding Corp's reported EPS for the quarter was 9 cents​.

• The company reported quarterly net income of $9.6 million.

• ProPetro Holding Corp shares had fallen by 28.3% this quarter and lost 43.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for ProPetro Holding Corp is $10.00

This summary was machine generated from LSEG data April 29 at 01:31 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)