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

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

Expro Group Stock Down 4.5 %

NYSE XPRO traded down $0.63 on Friday, hitting $13.37. The stock had a trading volume of 1,725,449 shares, compared to its average volume of 1,057,158. The business’s fifty day moving average price is $17.82 and its 200 day moving average price is $20.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. Expro Group has a 52-week low of $13.02 and a 52-week high of $24.50. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -102.85, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96.

Analysts Set New Price Targets

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

About Expro Group

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.