KLXE Earnings Prediction
The chart below shows how KLXE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KLXE sees a +1.23% change in stock price 10 days leading up to the earnings, and a -5.55% change 10 days following the report. On the earnings day itself, the stock moves by -1.54%. This data can give you a slight idea of what to expect for the next quarter's release.
KLXE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
188.90M
-14.37%
4.83%
Gross Margin
12.02%
-25.30%
2.65%
Operating Margin
0.58%
-92.25%
-30.12%
Net Margin
-4.34%
-225.80%
-2.25%
EPS
-0.51
-208.51%
4.08%
No Data Available
KLXE Earnings Analysis
KLX Energy Services Holdings, Inc. Common Stock Corporation (KLXE.O) Earnings Conference Call
Positive
Q3 Financial Performance: Consolidated Q3 results included $189 million in revenue, $28 million in adjusted EBITDA, and adjusted EBITDA margins of 15%.
Rig Revenue Performance: The company generated approximately $334,000 per average operated U.S. rig, the third highest revenue per average rig metrics since tracking began post-merger.
Northeast Mid-Con Revenue Growth: The Northeast Mid-Con segment represented 28% of revenue compared to 27% in Q2, indicating growth in this area.
Rockies Segment Revenue Contribution: The Rockies segment contributed 36% of revenue, illustrating continued strength in this business despite broader market challenges.
Cash and Liquidity Position: The company ended the quarter with a cash balance of $83 million and liquidity of $126 million, including $43 million of availability not borrowed on their September 2024 borrowing-based certificate.
Negative
Revenue Increase Amid Rig Decline: Despite a 5% sequential increase in revenue to $189 million, the overall performance was impacted by a 3% decline in average quarterly operated U.S. land rigs and a 7% decline in active U.S. track spreads.
Limited EBITDA Growth: The consolidated Q3 adjusted EBITDA was $27.8 million, reflecting only a 3% sequential increase, indicating limited growth potential in the current market environment.
Northeast Mid-Con Revenue Stagnation: The Northeast Mid-Con segment represented only 28% of revenue compared to 27% in Q2, suggesting a stagnation in growth despite previous expectations for improvement.
Income Decline Analysis: Operating income and adjusted EBITDA decreased sequentially by 8% and 3% respectively, primarily due to a shift in the PSL mix, which included reduced rental activity.
SG&A Expense Analysis: The total SG&A expense for Q3 was $21.2 million, which, when adjusted for non-recurring costs, would have been $18.6 million, or just 9.9% of quarterly revenue, indicating a need for better cost management.
KLXE FAQs
How does KLXE typically perform around its earnings report dates?
Is KLX Energy Services Holdings, Inc. (KLXE) Q3 2024 Earnings Call Summary positive or negative?
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KLXE Earning Call Sentiment
KLX Energy Services Holdings, Inc. (KLXE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KLXE.O
-2.37%Positive
The earnings call summary presents mixed signals: modest revenue growth and EBITDA improvement suggest stability, but market volatility, seasonal declines, and competitive pressures pose risks. The Q&A reveals unclear management responses and potential uncertainties. The share repurchase program and net debt reduction are positive, yet the lack of strong guidance and anticipated seasonal revenue decline balance the sentiment. Without market cap data, it's challenging to predict extreme stock reactions. Overall, the sentiment is neutral, anticipating minimal stock movement (-2% to 2%) over the next two weeks.
