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Stock impact report

Select Water Solutions' (NYSE:WTTR) Solid Earnings May Rest On Weak Foundations [Yahoo! Finance]

Select Energy Services, Inc. Class A (WTTR) 
Last select energy services, inc. class a earnings: 2/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.selectenergyservices.com
Company Research Source: Yahoo! Finance
Despite this, our analysis suggests that there are some factors weakening the foundations of those good profit numbers. Check out our latest analysis for Select Water Solutions We can see that Select Water Solutions received a tax benefit of US$50m. It's always a bit noteworthy when a company is paid by the tax man, rather than paying the tax man. We're sure the company was pleased with its tax benefit. However, the devil in the detail is that these kind of benefits only impact in the year they are booked, and are often one-off in nature. Assuming the tax benefit is not repeated every year, we could see its profitability drop noticeably, all else being equal. While we think it's good that the company has booked a tax benefit, it does mean that there's every chance the statutory profit will come in a lot higher than it would be if the income was adjusted for one-off factors. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, yo Show less Read more
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