Expro Group Holdings Third Quarter 2024 Earnings: Misses Expectations

Expro Group Holdings (NYSE:XPRO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$422.8m (up 14% from 3Q 2023).
• Net income: US$16.3m (up from US$13.9m loss in 3Q 2023).
• Profit margin: 3.8% (up from net loss in 3Q 2023).
• EPS: US$0.14 (up from US$0.13 loss in 3Q 2023).

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

Expro Group Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 6.1% 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 14% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Expro Group Holdings that you should be aware of.

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