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Cactus, Inc. · NYSE · Energy
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Cactus Inc. expected earnings decline of 16.7% year-over-year. Revenues predicted at $274.7 million, down 10.2% from last year. Earnings ESP indicator shows -1.07%, suggesting bearish sentiment. Previous quarter saw Cactus beat estimates with +11.94% surprise. Analysts' revisions indicate uncertainty over expected performance.
View signal analysis- Cactus reported Q1 2024 earnings of 75 cents/share, beating estimates. - Revenues of $274 million exceeded estimates due to strong Spoolable Technologies segment. - Pressure Control segment revenues declined, but Spoolable Technologies saw significant growth. - Cactus anticipates a sequential decline in U.S. land activity levels. - Cactus expects net capital expenditures of $45-$55 million for 2024. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
View signal analysis- Cactus, Inc. is expected to report higher earnings and revenue for Q1 2024. - Release date for earnings report is May 1, 2024, affecting stock price. - Company has a negative Earnings ESP of -27.08%, Zacks Rank of #3. - Earnings beat not sole basis for stock moving, other factors play a role. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis
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