KLX Energy Services (KLXE) Reports Q1 Loss, Lags Revenue Estimates
- KLXE reported a quarterly loss of $1.24 per share, with significant negative earnings surprise. - Revenues for KLXE were $174.7 million, missing estimates by 3.80%. - KLXE shares have declined 40.4% since the beginning of the year. - Earnings outlook for KLXE shows mixed estimate revisions with a Zacks Rank #3 (Hold). - Industry outlook for Oil and Gas - Field Services is in the bottom 41% of Zacks industries. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis
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