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Compared to Estimates, Cactus, Inc. (WHD) Q4 Earnings: A Look at Key Metrics
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Cactus, Inc. (WHD - Free Report) reported $274.87 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 46.4%. EPS of $0.81 for the same period compares to $0.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $266.59 million, representing a surprise of +3.10%. The company delivered an EPS surprise of +19.12%, with the consensus EPS estimate being $0.68.
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 Cactus, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Spoolable Technologies: $94.41 million versus $92.82 million estimated by four analysts on average.
Revenues- Pressure Control: $180.45 million versus the four-analyst average estimate of $173.71 million.
Operating income (loss)- Spoolable Technologies: $28.17 million compared to the $24.72 million average estimate based on two analysts.
Operating income (loss)- Pressure Control: $56.05 million compared to the $43.52 million average estimate based on two analysts.
Shares of Cactus, Inc. have returned +3.4% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Cactus, Inc. (WHD) Q4 Earnings: A Look at Key Metrics
Cactus, Inc. (WHD - Free Report) reported $274.87 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 46.4%. EPS of $0.81 for the same period compares to $0.57 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $266.59 million, representing a surprise of +3.10%. The company delivered an EPS surprise of +19.12%, with the consensus EPS estimate being $0.68.
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 Cactus, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Spoolable Technologies: $94.41 million versus $92.82 million estimated by four analysts on average.
- Revenues- Pressure Control: $180.45 million versus the four-analyst average estimate of $173.71 million.
- Operating income (loss)- Spoolable Technologies: $28.17 million compared to the $24.72 million average estimate based on two analysts.
- Operating income (loss)- Pressure Control: $56.05 million compared to the $43.52 million average estimate based on two analysts.
View all Key Company Metrics for Cactus, Inc. here>>>Shares of Cactus, Inc. have returned +3.4% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.