Sidoti Forecasts Stronger Earnings for KLX Energy Services

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Stock analysts at Sidoti boosted their Q3 2026 earnings per share estimates for KLX Energy Services in a research report issued to clients and investors on Wednesday, August 12th. Sidoti analyst S. Ferazani now anticipates that the company will earn ($0.12) per share for the quarter, up from their previous estimate of ($0.56). The consensus estimate for KLX Energy Services’ current full-year earnings is ($3.15) per share. Sidoti also issued estimates for KLX Energy Services’ Q4 2026 earnings at ($0.05) EPS, FY2026 earnings at ($0.96) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at ($0.03) EPS, Q3 2027 earnings at ($0.02) EPS, Q4 2027 earnings at ($0.05) EPS and FY2027 earnings at ($0.20) EPS.

KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.82) by $0.18. The company had revenue of $167.30 million for the quarter, compared to the consensus estimate of $167.50 million.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of KLX Energy Services in a research report on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

KLX Energy Services Price Performance

NASDAQ KLXE opened at $1.69 on Friday. The company has a fifty day moving average price of $2.35 and a 200-day moving average price of $2.66. The firm has a market cap of $35.95 million, a price-to-earnings ratio of -0.53 and a beta of 0.85. KLX Energy Services has a 1 year low of $1.41 and a 1 year high of $4.50.

Hedge Funds Weigh In On KLX Energy Services

A number of hedge funds and other institutional investors have recently made changes to their positions in KLXE. Adage Capital Partners GP L.L.C. bought a new stake in shares of KLX Energy Services in the fourth quarter valued at approximately $189,000. Tulsa Wealth Advisors INC bought a new position in KLX Energy Services in the 4th quarter worth about $117,000. Gendell Jeffrey L grew its holdings in KLX Energy Services by 2.3% during the 4th quarter. Gendell Jeffrey L now owns 1,753,108 shares of the company’s stock valued at $3,313,000 after buying an additional 40,000 shares in the last quarter. Williams & Novak LLC purchased a new stake in shares of KLX Energy Services in the fourth quarter worth about $44,000. Finally, Bank of New York Mellon Corp bought a new position in shares of KLX Energy Services in the second quarter valued at approximately $60,000. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services News Roundup

Here are the key news stories impacting KLX Energy Services this week:

• Positive Sentiment: Sidoti sharply improved its forward earnings outlook. The analyst raised estimates for Q3 and Q4 2026, FY2026, and every reported 2027 period. FY2026 EPS is now projected at a loss of $0.96, compared with a prior loss estimate of $3.15, while FY2027 is forecast at a loss of $0.20 versus $1.91 previously. The revisions suggest expectations for substantially better profitability and a potential path toward breakeven, although KLXE is still expected to lose money.
• Positive Sentiment: Management projected higher third-quarter revenue. KLX forecast Q3 revenue of $176 million to $188 million, above its Q2 revenue of $167.3 million. The outlook implies sequential growth and may indicate improving demand for its oilfield services. KLX forecasts Q3 revenue of $176M-$188M amid $125M backstopped equity rights offering
• Neutral Sentiment: KLX’s Q2 results were mixed. The company beat analysts’ EPS estimate, reporting a loss of $0.64 per share versus the expected loss of $0.82, but revenue of $167.3 million was slightly below the $167.5 million consensus. Management’s earnings-call commentary is relevant for investors assessing demand, costs and the company’s recovery plans. KLX Energy Services Q2 2026 Earnings Call Transcript
• Negative Sentiment: The $125 million backstopped equity rights offering is a major overhang. Although the financing could strengthen KLXE’s liquidity and support operations, issuing equity is likely to dilute existing shareholders. With a market capitalization of roughly $36 million and a negative price-to-earnings ratio, investors may be particularly sensitive to dilution and financing risk.

About KLX Energy Services

KLX Energy Services is a provider of completion tools and pumping equipment for the upstream oil and gas sector, offering high-pressure pumping systems, pressure control equipment, solids control services and downhole rental tools. The company supports well completion and stimulation operations by supplying, installing and maintaining critical equipment used in hydraulic fracturing, coiled tubing interventions and associated wellsite activities.

The firm’s product portfolio includes deck-mounted and portable fracturing pumps, high-pressure manifolds, flowback and well testing units, filtration and separation systems, and wellsite automation solutions.