Expro Group (NYSE:XPRO) Issues Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Expro Group (NYSE:XPRO) posted its quarterly earnings data on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08), FiscalAI reports. Expro Group had a net margin of 1.33% and a return on equity of 3.28%. The company had revenue of $439.94 million for the quarter, compared to analyst estimates of $442.36 million. During the same quarter last year, the company earned $0.24 EPS. The business’s revenue was up 6.9% compared to the same quarter last year.

Expro Group Trading Down 8.5%

Shares of Expro Group stock opened at $15.79 on Tuesday. The firm has a 50-day simple moving average of $16.87 and a two-hundred day simple moving average of $16.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.69 and a current ratio of 2.05. Expro Group has a fifty-two week low of $12.44 and a fifty-two week high of $19.23. The company has a market cap of $1.77 billion, a P/E ratio of 87.72 and a beta of 0.96.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XPRO shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Expro Group in a research report on Tuesday, October 27th. Barclays decreased their price objective on Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Zacks Research upgraded Expro Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised Expro Group to a “hold” rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.00.

About Expro Group

Expro Group, Inc provides energy services and technologies that support the exploration, development, and production of oil and natural gas wells. The company helps operators manage wells throughout their life cycles, from drilling and completion through production, intervention, and abandonment.

Its offerings include well construction and well management services, well flow management, subsea services, and well intervention and integrity solutions. These services are designed to improve operational efficiency, safety, well performance, and reservoir recovery in both offshore and onshore environments.

Headquartered in Houston, Texas, Expro serves energy companies across major oil and gas producing regions worldwide, including North America, the North Sea, the Middle East, Africa, Asia-Pacific, and Latin America.