ChampionX reported $939.78 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 8%. EPS of $0.41 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of -2.30% over the Zacks Consensus Estimate of $961.93 million. With the consensus EPS estimate being $0.49, the EPS surprise was -16.33%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $256.15 million versus the two-analyst average estimate of $258.78 million. The reported number represents a year-over-year change of +3.4%.
- Revenue- Production Chemical Technologies: $604.25 million compared to the $621.68 million average estimate based on two analysts. The reported number represents a change of -6.1% year over year.
- Revenue- Reservoir Chemical Technologies: $25.09 million compared to the $24.23 million average estimate based on two analysts. The reported number represents a change of -29.3% year over year.
- Revenue- Drilling Technologies: $54.87 million versus the two-analyst average estimate of $56.09 million. The reported number represents a year-over-year change of -10%.
- Adjusted EBITDA- Production Chemical Technologies: $125.10 million versus $129.01 million estimated by two analysts on average.
- Adjusted EBITDA- Production & Automation Technologies: $59.32 million versus the two-analyst average estimate of $61.14 million.
- Adjusted EBITDA- Corporate and Other: -$12.82 million compared to the -$9.83 million average estimate based on two analysts.
- Adjusted EBITDA- Reservoir Chemical Technologies: $4.16 million versus $4.40 million estimated by two analysts on average.
- Adjusted EBITDA- Drilling Technologies: $13.79 million versus $14.04 million estimated by two analysts on average.
View all Key Company Metrics for ChampionX here>>>Shares of ChampionX have returned -7.7% over the past month versus the Zacks S&P 500 composite's -2.3% 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) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ChampionX reported $939.78 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 8%. EPS of $0.41 for the same period compares to $0.33 a year ago.
The reported revenue represents a surprise of -2.30% over the Zacks Consensus Estimate of $961.93 million. With the consensus EPS estimate being $0.49, the EPS surprise was -16.33%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $256.15 million versus the two-analyst average estimate of $258.78 million. The reported number represents a year-over-year change of +3.4%.
- Revenue- Production Chemical Technologies: $604.25 million compared to the $621.68 million average estimate based on two analysts. The reported number represents a change of -6.1% year over year.
- Revenue- Reservoir Chemical Technologies: $25.09 million compared to the $24.23 million average estimate based on two analysts. The reported number represents a change of -29.3% year over year.
- Revenue- Drilling Technologies: $54.87 million versus the two-analyst average estimate of $56.09 million. The reported number represents a year-over-year change of -10%.
- Adjusted EBITDA- Production Chemical Technologies: $125.10 million versus $129.01 million estimated by two analysts on average.
- Adjusted EBITDA- Production & Automation Technologies: $59.32 million versus the two-analyst average estimate of $61.14 million.
- Adjusted EBITDA- Corporate and Other: -$12.82 million compared to the -$9.83 million average estimate based on two analysts.
- Adjusted EBITDA- Reservoir Chemical Technologies: $4.16 million versus $4.40 million estimated by two analysts on average.
- Adjusted EBITDA- Drilling Technologies: $13.79 million versus $14.04 million estimated by two analysts on average.
View all Key Company Metrics for ChampionX here>>>Shares of ChampionX have returned -7.7% over the past month versus the Zacks S&P 500 composite's -2.3% 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.