Earnings Outlook For Ranger Energy Services

Ranger Energy Services (NYSE:RNGR) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Ranger Energy Services will report an earnings per share (EPS) of $0.29.

Ranger Energy Services bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.08, which was followed by a 13.54% increase in the share price the next day.

Here's a look at Ranger Energy Services's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.13

0.07

0.29

0.47

EPS Actual

0.21

-0.03

0.09

0.38

Price Change %

14.000000000000002%

2.0%

7.000000000000001%

1.0%

Market Performance of Ranger Energy Services's Stock

Shares of Ranger Energy Services were trading at $12.28 as of October 24. Over the last 52-week period, shares are down 5.97%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Take on Ranger Energy Services

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

Analysts have provided Ranger Energy Services with 1 ratings, resulting in a consensus ...