U.S. Well Services: Q1 Earnings Insights

U.S. Well Services USWS reported its Q1 earnings results on Monday, May 16, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

U.S. Well Services missed estimated earnings by 60.71%, reporting an EPS of $-0.45 versus an estimate of $-0.28.

Revenue was down $35.11 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 9.09% drop in the share price the next day.

Here's a look at U.S. Well Services's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	-0.53	-0.56	-0.245	-0.630
EPS Actual	-0.46	-0.50	0	-1.225
Revenue Estimate	46.90M	51.95M	85.45M	68.60M
Revenue Actual	38.93M	56.48M	78.80M	76.26M

To track all earnings releases for U.S. Well Services visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.