A Preview Of Oil States International's Earnings

Oil States International (NYSE:OIS) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Oil States International will report an earnings per share (EPS) of $0.06.

Anticipation surrounds Oil States International'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.

Past Earnings Performance

Last quarter the company beat EPS by $0.04, which was followed by a 2.97% increase in the share price the next day.

Here's a look at Oil States International's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.03

-0.01

0.09

0.04

EPS Actual

0.07

-0.03

0.09

0.07

Price Change %

3.0%

-19.0%

-6.0%

9.0%

Performance of Oil States International Shares

Shares of Oil States International were trading at $4.35 as of October 28. Over the last 52-week period, shares are down 44.19%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Insights on Oil States International

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

Analysts have provided Oil States International with 2 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $7.0, suggesting a ...