Expro Group (NYSE:XPRO) Announces Earnings Results, Misses Expectations By $0.08 EPS

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

Expro Group Stock Performance

Expro Group stock traded down $2.50 during trading on Tuesday, hitting $13.37. The stock had a trading volume of 509,116 shares, compared to its average volume of 1,052,228. The stock’s 50 day moving average is $16.87 and its two-hundred day moving average is $16.49. Expro Group has a 1 year low of $12.44 and a 1 year high of $19.23. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 73.44 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on XPRO shares. Wall Street Zen upgraded Expro Group to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Expro Group in a research report on Tuesday, October 27th. Zacks Research upgraded shares of Expro Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Barclays decreased their price objective on shares of Expro Group from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 31st. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, Expro Group presently has an average rating of “Hold” and an average price target of $18.00.

Expro Group Company Profile

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.