Cactus Inc reports results for the quarter ended June 30 - Earnings Summary

• Cactus Inc WHD.N reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of eight analysts for the quarter was for earnings of 72 cents per share. Wall Street expected results to range from 65 cents to 81 cents per share.

• Revenue fell 5.8% to $273.58 million from a year ago; analysts expected $277.65 million.

• Cactus Inc's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $40.33 million.

• Cactus Inc shares had risen by 7.9% this quarter and lost 19.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.5% 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 4 "strong buy" or "buy," 3 "hold" and 1 "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 Cactus Inc is $52.00, about 10% above its last closing price of $46.80

This summary was machine generated from LSEG data July 30 at 10:46 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)