Kodiak Gas Services Inc reports results for the quarter ended June 30 - Earnings Summary

• Kodiak Gas Services Inc KGS.N reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of six analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 35 cents to 54 cents per share.

• Revenue rose 4.3% to $322.84 million from a year ago; analysts expected $334.09 million.

• Kodiak Gas Services Inc's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $39.5 million.

• Kodiak Gas Services Inc shares had fallen by 7.8% this quarter and lost 22.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "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 Kodiak Gas Services Inc is $45.00, about 29% above its last closing price of $31.97

This summary was machine generated from LSEG data August 6 at 11:15 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)