Expro Group (NYSE:XPRO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Expro Group (NYSE:XPRO) posted its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04, Briefing.com reports. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. The firm had revenue of $422.83 million during the quarter, compared to analysts’ expectations of $436.62 million. During the same quarter last year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. Expro Group updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Expro Group Stock Performance

Shares of Expro Group stock traded down $0.63 during trading hours on Friday, hitting $13.37. 1,725,449 shares of the company were exchanged, compared to its average volume of 1,057,158. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -102.85, a P/E/G ratio of 1.72 and a beta of 0.96. The business has a 50-day moving average of $17.82 and a 200-day moving average of $20.06. The company has a current ratio of 1.90, a quick ratio of 1.56 and a debt-to-equity ratio of 0.09. Expro Group has a 1 year low of $13.02 and a 1 year high of $24.50.

Analyst Upgrades and Downgrades

Separately, Barclays increased their target price on shares of Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.