RPC Third Quarter 2024 Earnings: EPS: US$0.087 (vs US$0.085 in 3Q 2023)

RPC (NYSE:RES) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$337.7m (up 2.2% from 3Q 2023).
• Net income: US$18.8m (up 4.2% from 3Q 2023).
• Profit margin: 5.6% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.087 (up from US$0.085 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RPC Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are down 8.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for RPC you should be aware of.

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