We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
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.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say
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.