* Solaris Oilfield Infrastructure Inc reported quarterly adjusted earnings of 13 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of three analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 9 cents to 15 cents per share.
* Revenue fell 4.3% to $73.89 million from a year ago; analysts expected $65.65 million.
* Solaris Oilfield Infrastructure Inc's reported EPS for the quarter was 20 cents.
* The company reported quarterly net income of $5.8 million.
* Solaris Oilfield Infrastructure Inc shares had risen by 33.1% this quarter and gained 43.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.9% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil related services and equipment peer group is also "buy"
Wall Street's median 12-month price target for Solaris Oilfield Infrastructure Inc is $11.00 This summary was machine generated from LSEG data August 8 at 11:23 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.12 0.13 Beat
Mar. 31 2024 0.14 0.16 Beat
Dec. 31 2023 0.17 0.15 Missed
Sep. 30 2023 0.23 0.19 Missed