RPC Q3 Earnings & Revenues Miss on Lower Pressure Pumping Activity [Yahoo! Finance]
RPC, Inc. (RES)
Last rpc, inc. earnings: 1/29 06:45 am
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Source: Yahoo! Finance
The bottom line improved from the year-ago figure of 8 cents. Total quarterly revenues were $337.7 million, up from the year-ago quarter's $330.4 million. The top line also missed the Zacks Consensus Estimate of $359 million. The lower-than-expected quarterly earnings were primarily due to lower utilization and pricing levels in pressure pumping, along with rising cost of revenues. RPC, Inc. price-consensus-eps-surprise-chart | RPC, Inc. Quote Operating profit in the Technical Services segment totaled $16.3 million, lower than the year-ago quarter's $18.9 million. The results were primarily influenced by decreased activity levels in pressure pumping, leading to negative impacts on fixed costs, especially labor, due to reduced leverage. Operating profit in the Support Services segment amounted to $5.3 million, lower than the year-ago level of $6.9 million. This can be attributed to higher activity within rental tools, partially offset by the high fixed-cost structure inherent
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News
- RPC, Inc. (NYSE: RES) had its price target lowered by analysts at Susquehanna from $6.50 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
- RPC, Inc. (RES) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- RPC, Inc. Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- RPC, Inc. Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Cash DividendPR Newswire
- RPC, Inc. (NYSE: RES) had its price target lowered by analysts at Stifel Nicolaus from $8.00 to $7.00. They now have a "hold" rating on the stock.MarketBeat
RES
Earnings
- 10/24/24 - Miss
RES
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/31/24 - Form SC
- RES's page on the SEC website