Cactus Inc reports results for the quarter ended March 31 - Earnings Summary

• Cactus Inc WHD.N reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of eight analysts for the quarter was for earnings of 67 cents per share. Wall Street expected results to range from 59 cents to 74 cents per share.

• Revenue rose 2.3% to $280.32 million from a year ago; analysts expected $271.92 million.

• Cactus Inc's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $44.22 million.

• Cactus Inc shares had fallen by 13.4% this quarter and lost 32.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is "hold."

• Wall Street's median 12-month price target for Cactus Inc is $52.00

This summary was machine generated from LSEG data April 30 at 10:36 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)