Yahoo Finance Ranger Energy Services First Quarter 2024 Earnings: Misses Expectations
Ranger Energy Services (NYSE:RNGR) First Quarter 2024 Results
Key Financial Results
Revenue: US$136.9m (down 13% from 1Q 2023).
Net loss: US$800.0k (down by 113% from US$6.20m profit in 1Q 2023).
US$0.035 loss per share (down from US$0.25 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ranger Energy Services Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Ranger Energy Services you should know about.
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