Solaris Energy Infrastructure Inc reports results for the quarter ended June 30 - Earnings Summary

• Solaris Energy Infrastructure Inc SEI.N reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of eight analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 9 cents to 27 cents per share.

• Revenue rose 102.1% to $149.33 million from a year ago; analysts expected $124.09 million.

• Solaris Energy Infrastructure Inc's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $11.4 million.

• Solaris Energy Infrastructure Inc shares had fallen by 0.1% this quarter and lost 1.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.1% 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 11 "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 "buy"

• Wall Street's median 12-month price target for Solaris Energy Infrastructure Inc is $41.00, about 28.3% above its last closing price of $29.41

This summary was machine generated from LSEG data July 23 at 11:28 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)