Ranger Energy Services Third Quarter 2024 Earnings: EPS: US$0.39 (vs US$0.38 in 3Q 2023)

Ranger Energy Services (NYSE:RNGR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$153.0m (down 6.9% from 3Q 2023).
• Net income: US$8.70m (down 7.4% from 3Q 2023).
• Profit margin: 5.7% (in line with 3Q 2023).
• EPS: US$0.39.

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

Ranger Energy Services Earnings Insights

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 2 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 up 1.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Ranger Energy Services that you need to take into consideration.

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