Cactus, Inc. (WHD) reported quarterly earnings of $0.81 per share on August 1, 2024, surpassing the Zacks Consensus Estimate of $0.70. This marks a year-over-year decrease from earnings of $0.84 per share. The company’s revenues for the quarter totaled $290.39 million, exceeding estimates by 5.71%, though down from $305.82 million a year prior.
The earnings surprise was 15.71%, adding to the company’s streak of beating consensus EPS estimates in three of the last four quarters. Cactus shares have increased by approximately 37.2% year-to-date, while the S&P 500 has gained 14% during the same period.
Looking ahead, the consensus EPS estimate for the next quarter is $0.76, with projected revenues of $277.51 million. Marathon Oil (MRO) is scheduled to report its quarterly results on August 7, 2024, with an expected earnings per share of $0.67.
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