A Glimpse of RPC's Earnings Potential

RPC (NYSE:RES) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.

Analysts estimate that RPC will report an earnings per share (EPS) of $0.12.

Anticipation surrounds RPC's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.02, leading to a 0.43% increase in the share price the following trading session.

RPC Share Price Analysis

Shares of RPC were trading at $6.29 as of October 22. Over the last 52-week period, shares are down 15.31%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Opinions on RPC

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on RPC.

The consensus rating for RPC is Neutral, derived from 1 analyst ratings. An average one-year price target of $7.0 implies a potential 11.29% upside.

Peer Ratings Overview

This comparison focuses on the analyst ratings and average 1-year price targets of Helix Energy Solns Gr, Select Water Solutions and ...