Expro Group (NYSE:XPRO) Issues Earnings Results, Misses Expectations By $0.08 EPS

Key Points

• Expro Group missed earnings expectations: The company reported quarterly EPS of $0.19, $0.08 below the $0.27 consensus estimate. Revenue totaled $439.94 million, slightly below forecasts, but increased 6.9% year over year.
• Shares fell 8.5% following the results, opening at $15.79. Expro Group has a market capitalization of approximately $1.77 billion and trades near the middle of its 12-month range.
• Analyst sentiment remains mixed, with the stock holding a consensus “Hold” rating and an average price target of $18.00. Ratings range from Strong Buy to Sell.

Expro Group (NYSE:XPRO - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.08), FiscalAI reports. The business had revenue of $439.94 million during the quarter, compared to analysts' expectations of $442.36 million. Expro Group had a return on equity of 3.28% and a net margin of 1.33%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share.

Expro Group Trading Down 8.5%

Shares of NYSE:XPRO opened at $15.79 on Tuesday. The company has a market capitalization of $1.77 billion, a PE ratio of 87.72 and a beta of 0.96. The company has a current ratio of 2.05, a quick ratio of 1.69 and a debt-to-equity ratio of 0.06. Expro Group has a 12-month low of $12.44 and a 12-month high of $19.23. The business's fifty day simple moving average is $16.87 and its 200-day simple moving average is $16.49.

Analyst Ratings Changes

XPRO has been the subject of a number of research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Expro Group in a research note on Tuesday, October 27th. Barclays dropped their target price on shares of Expro Group from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Wall Street Zen upgraded shares of Expro Group to a "hold" rating in a report on Saturday, September 19th. Finally, Zacks Research upgraded shares of Expro Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $18.00.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.

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