ProPetro Holding Corp reports results for the quarter ended June 30 - Earnings Summary

• ProPetro Holding Corp PUMP.N reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -3 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 2 cents to 7 cents per share.

• Revenue fell 8.7% to $326.12 million from a year ago; analysts expected $330.71 million.

• ProPetro Holding Corp's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $7.16 million.

• ProPetro Holding Corp shares had risen by 6.2% this quarter and lost 32.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.4% in the last three months.​

• In the last 30 days, two 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," 5 "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 $8.00, about 20.8% above its last closing price of $6.34

This summary was machine generated from LSEG data July 30 at 01:30 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)