Expro Group (NYSE:XPRO) Posts Earnings Results, Beats Estimates By $0.04 EPS

Expro Group (NYSE:XPRO) announced its earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04, Briefing.com reports. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. The company had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) earnings per share. Expro Group updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Expro Group Trading Down 4.5 %

Shares of NYSE XPRO traded down $0.63 on Friday, reaching $13.37. 1,725,449 shares of the company traded hands, compared to its average volume of 1,057,158. The stock has a market capitalization of $1.57 billion, a PE ratio of -102.85, a P/E/G ratio of 1.72 and a beta of 0.96. Expro Group has a fifty-two week low of $13.02 and a fifty-two week high of $24.50. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $17.82 and a 200 day moving average of $20.06.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.