KLX Energy Services Hldgs KLXE unveils its next round of earnings this Wednesday, June 09. Get prepared with Benzinga's ultimate preview for KLX Energy Services Hldgs's Q1 earnings.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Based on KLX Energy Services Hldgs management projections, analysts predict EPS of $2.32 on revenue of $95.10 million. In the same quarter last year, KLX Energy Services Hldgs announced EPS of $0.87 on revenue of $83.00 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to match the consensus estimate, earnings would be down 166.67%. Sales would be up 14.58% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q4 2021 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|
| EPS Estimate | -3.14 | -0.33 | -2.55 | -1.27 |
| EPS Actual | -3.29 | -3.15 | -2.46 | -0.87 |
| Revenue Estimate | 78.95 M | 65.30 M | 78.90 M | 76.50 M |
| Revenue Actual | 86.80 M | 70.90 M | 36.20 M | 83.00 M |
Stock Performance
Over the past 52-week period, shares of KLX Energy Services Hldgs have declined 7.62%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. KLX Energy Services Hldgs is scheduled to hold the call at 10:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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