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

• ChampionX Corp CHX.OQ reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 43 cents to 74 cents per share.

• Revenue fell 6.3% to $864.46 million from a year ago; analysts expected $895.94 million.

• ChampionX Corp's reported EPS for the quarter was 44 cents​.

• ChampionX Corp shares had fallen by 17.0% this quarter and lost 9.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 27.9% 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 5 "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 also "strong buy"

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

This summary was machine generated from LSEG data April 29 at 10:18 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)