ChampionX (CHX - Free Report) reported $922.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.50 for the same period compares to $0.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $922.13 million, representing no surprise. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how ChampionX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Production & Automation Technologies: $252.61 million versus the two-analyst average estimate of $248.44 million. The reported number represents a year-over-year change of +0.4%.
- Revenue- Production Chemical Technologies: $590.11 million versus the two-analyst average estimate of $599.27 million. The reported number represents a year-over-year change of -0.3%.
- Revenue- Reservoir Chemical Technologies: $24.71 million versus $21.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change.
- Revenue- Drilling Technologies: $55.21 million versus $48.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
- Adjusted EBITDA- Production Chemical Technologies: $118.03 million compared to the $119.85 million average estimate based on two analysts.
- Adjusted EBITDA- Production & Automation Technologies: $60.34 million versus $56.30 million estimated by two analysts on average.
- Adjusted EBITDA- Corporate and Other: -$8.08 million versus the two-analyst average estimate of -$9.61 million.
- Adjusted EBITDA- Reservoir Chemical Technologies: $5.35 million compared to the $4.14 million average estimate based on two analysts.
- Adjusted EBITDA- Drilling Technologies: $16.07 million compared to the $11.39 million average estimate based on two analysts.
View all Key Company Metrics for ChampionX here>>>Shares of ChampionX have returned +1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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ChampionX (CHX - Free Report) reported $922.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.50 for the same period compares to $0.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $922.13 million, representing no surprise. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how ChampionX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Production & Automation Technologies: $252.61 million versus the two-analyst average estimate of $248.44 million. The reported number represents a year-over-year change of +0.4%.
- Revenue- Production Chemical Technologies: $590.11 million versus the two-analyst average estimate of $599.27 million. The reported number represents a year-over-year change of -0.3%.
- Revenue- Reservoir Chemical Technologies: $24.71 million versus $21.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change.
- Revenue- Drilling Technologies: $55.21 million versus $48.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.7% change.
- Adjusted EBITDA- Production Chemical Technologies: $118.03 million compared to the $119.85 million average estimate based on two analysts.
- Adjusted EBITDA- Production & Automation Technologies: $60.34 million versus $56.30 million estimated by two analysts on average.
- Adjusted EBITDA- Corporate and Other: -$8.08 million versus the two-analyst average estimate of -$9.61 million.
- Adjusted EBITDA- Reservoir Chemical Technologies: $5.35 million compared to the $4.14 million average estimate based on two analysts.
- Adjusted EBITDA- Drilling Technologies: $16.07 million compared to the $11.39 million average estimate based on two analysts.
View all Key Company Metrics for ChampionX here>>>Shares of ChampionX have returned +1.9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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