Expro Group (NYSE:XPRO) Issues Quarterly Earnings Results

Expro Group (NYSE:XPRO) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04, Briefing.com reports. The firm had revenue of $422.83 million for the quarter, compared to analysts’ expectations of $436.62 million. Expro Group had a negative net margin of 0.84% and a positive return on equity of 1.43%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Expro Group updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Expro Group Trading Down 4.5 %

XPRO traded down $0.63 during mid-day trading on Friday, hitting $13.37. The stock had a trading volume of 1,725,449 shares, compared to its average volume of 1,057,158. The stock’s fifty day simple moving average is $17.82 and its 200-day simple moving average is $20.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.90 and a quick ratio of 1.56. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -102.85, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. Expro Group has a 1-year low of $13.02 and a 1-year high of $24.50.

Wall Street Analyst Weigh In

Separately, Barclays increased their price target on shares of Expro Group from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.