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Select Water Solutions, Inc. (WTTR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, Select Water Solutions, Inc. (WTTR - Free Report) reported revenue of $389.27 million, up 3.8% over the same period last year. EPS came in at $0.14, compared to $0.22 in the year-ago quarter.
The reported revenue represents a surprise of -3.31% over the Zacks Consensus Estimate of $402.59 million. With the consensus EPS estimate being $0.26, the EPS surprise was -46.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Select Water Solutions, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Chemical Technologies: $79.03 million versus $84.93 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
Revenue- Water Services: $251.87 million compared to the $260.10 million average estimate based on two analysts.
Revenue- Water infrastructure: $58.38 million versus the two-analyst average estimate of $58.37 million. The reported number represents a year-over-year change of -21.5%.
Gross Profit before D&A- Water Services: $51.51 million versus $59.06 million estimated by two analysts on average.
Gross Profit before D&A- Chemical Technologies: $16.02 million versus $17.54 million estimated by two analysts on average.
Gross Profit before D&A- Water infrastructure: $23.38 million compared to the $24.05 million average estimate based on two analysts.
Shares of Select Water Solutions, Inc. have returned -3.4% over the past month versus the Zacks S&P 500 composite's -2.8% 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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Select Water Solutions, Inc. (WTTR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Select Water Solutions, Inc. (WTTR - Free Report) reported revenue of $389.27 million, up 3.8% over the same period last year. EPS came in at $0.14, compared to $0.22 in the year-ago quarter.
The reported revenue represents a surprise of -3.31% over the Zacks Consensus Estimate of $402.59 million. With the consensus EPS estimate being $0.26, the EPS surprise was -46.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Select Water Solutions, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Chemical Technologies: $79.03 million versus $84.93 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
- Revenue- Water Services: $251.87 million compared to the $260.10 million average estimate based on two analysts.
- Revenue- Water infrastructure: $58.38 million versus the two-analyst average estimate of $58.37 million. The reported number represents a year-over-year change of -21.5%.
- Gross Profit before D&A- Water Services: $51.51 million versus $59.06 million estimated by two analysts on average.
- Gross Profit before D&A- Chemical Technologies: $16.02 million versus $17.54 million estimated by two analysts on average.
- Gross Profit before D&A- Water infrastructure: $23.38 million compared to the $24.05 million average estimate based on two analysts.
View all Key Company Metrics for Select Water Solutions, Inc. here>>>Shares of Select Water Solutions, Inc. have returned -3.4% over the past month versus the Zacks S&P 500 composite's -2.8% 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.