Expro Group (NYSE:XPRO) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Expro Group reported quarterly earnings of $0.24 EPS, surpassing estimates of $0.23 by $0.01, while experiencing a 2.7% revenue decline year-over-year.
• The company's revenue for the quarter was $411.36 million, which fell short of analysts' expectations of $426.65 million.
• Expro Group's stock increased 2.2% during trading, hitting $13.83, and is supported by significant recent investments from hedge funds.

Expro Group (NYSE:XPRO - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01, Briefing.com reports. Expro Group had a net margin of 4.26% and a return on equity of 6.43%. The company had revenue of $411.36 million during the quarter, compared to analysts' expectations of $426.65 million. During the same quarter in the prior year, the company earned $0.23 EPS. Expro Group's revenue was down 2.7% compared to the same quarter last year. Expro Group updated its FY 2025 guidance to EPS.

Expro Group Trading Up 2.2%

Shares of XPRO stock traded up $0.30 during trading hours on Friday, hitting $13.83. The company had a trading volume of 311,803 shares, compared to its average volume of 1,220,078. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 1.78. The stock has a market capitalization of $1.60 billion, a PE ratio of 22.66 and a beta of 1.11. The company's fifty day moving average is $12.32 and its 200 day moving average is $10.04. Expro Group has a fifty-two week low of $6.70 and a fifty-two week high of $14.97.

Hedge Funds Weigh In On Expro Group

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of Expro Group by 594.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,942 shares of the company's stock worth $103,000 after purchasing an additional 10,223 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Expro Group during the 2nd quarter worth approximately $812,000. Balyasny Asset Management L.P. boosted its position in shares of Expro Group by 113.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 939,398 shares of the company's stock worth $8,069,000 after purchasing an additional 499,826 shares during the period. Bank of America Corp DE boosted its position in shares of Expro Group by 12.4% during the 2nd quarter. Bank of America Corp DE now owns 531,510 shares of the company's stock worth $4,566,000 after purchasing an additional 58,821 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Expro Group by 20.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 424,085 shares of the company's stock worth $3,643,000 after purchasing an additional 70,960 shares during the period. Hedge funds and other institutional investors own 92.07% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Pickering Energy Partners assumed coverage on shares of Expro Group in a research note on Monday, July 28th. They set an "outperform" rating for the company. Piper Sandler increased their price target on shares of Expro Group from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Expro Group in a research note on Wednesday, October 8th. Finally, Barclays increased their price target on shares of Expro Group from $12.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.50.

Expro Group Company Profile

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.

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