Shares of NPK International (NPKI) are surging 14.07% in pre-market trading on Friday, following the company's impressive first-quarter earnings report that significantly exceeded analysts' expectations. The oil-related services and equipment provider demonstrated robust financial performance, despite challenging market conditions.

NPK International reported adjusted earnings of 12 cents per share for the quarter ended March 31, 2025, surpassing the mean analyst estimate of 8 cents per share. This result also marks an improvement from the 10 cents per share earned in the same quarter last year. The company's revenue, although down 61.7% year-over-year, came in at $64.78 million, beating the Street's forecast of $56.21 million. Net income for the quarter stood at a solid $10 million.

The strong quarterly performance has reinforced positive sentiment among analysts. The current average rating on NPK International's shares is "buy," with 4 analysts recommending either "strong buy" or "buy." Wall Street's median 12-month price target for the stock is set at $11.00. This outlook, combined with the company's ability to outperform in a challenging environment, appears to be driving the substantial pre-market rally. Investors will be watching closely to see if this momentum carries into regular trading hours and beyond.