RES Earnings Prediction
The chart below shows how RES performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RES sees a -2.32% change in stock price 10 days leading up to the earnings, and a -4.62% change 10 days following the report. On the earnings day itself, the stock moves by +5.11%. This data can give you a slight idea of what to expect for the next quarter's release.
RES Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
337.65M
2.19%
-7.28%
Gross Margin
16.32%
-14.33%
-14.55%
Operating Margin
5.16%
-18.61%
-41.50%
Net Margin
5.57%
0.54%
-37.42%
EPS
0.09
12.50%
-40.00%
No Data Available
RES Earnings Analysis
RPC, Inc. Corporation (RES.N) Earnings Conference Call
Positive
Cash Flow Performance: 1. Strong Cash Flow Generation: RPC, Inc. reported operating cash flow of $70.7 million for Q3 2024, contributing to a year-to-date total of $255.2 million, demonstrating robust cash generation despite market challenges.
Free Cash Flow Achievement: 2. Positive Free Cash Flow: The company achieved free cash flow of $19 million in Q3 2024, with a year-to-date free cash flow of $75.7 million, indicating effective capital management and operational efficiency.
Consistent Dividend Payouts: 3. Healthy Dividend Payments: RPC, Inc. paid $8.6 million in dividends during the quarter, reflecting a commitment to returning value to shareholders even in a challenging market environment.
Cash Position Stability: 4. Strong Cash Position: At the end of Q3 2024, RPC, Inc. maintained a solid cash position of $277 million, providing financial stability and flexibility for future investments and acquisitions.
New Technology Launch: 5. Innovative Product Development: The company is rolling out a new proprietary technology to reduce reliance on bridge plugs, which has shown impressive trial results and is expected to enhance operational efficiency and customer satisfaction.
Negative
Revenue Decline Analysis: 1. Declining Revenue: RPC, Inc. reported a 7% decrease in revenues to $338 million, primarily driven by lower pressure pumping activity, with pressure pumping revenues specifically down 12%.
EBITDA Decline: 2. Decreased EBITDA: EBITDA fell to $55.2 million from $68.5 million in the previous quarter, resulting in a decrease in EBITDA margins by 240 basis points to 16.4%.
Decline in Diluted EPS: 3. Lower Diluted EPS: The diluted earnings per share (EPS) dropped to $0.09 in Q3 2024, down from $0.15 in Q2 2024, indicating a decline in profitability.
Free Cash Flow Decrease: 4. Free Cash Flow Decline: Year-to-date free cash flow decreased to $75.7 million, down from the previous year, reflecting the challenging industry conditions.
Rising SG&A Expenses: 5. Increased SG&A Expenses: Selling, general and administrative (SG&A) expenses rose slightly to $37.7 million from $37.4 million, indicating rising fixed costs amidst declining revenues.
RES FAQs
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RES Earning Call Sentiment
RPC, Inc. (RES) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
RES.N
0.73%Positive
The earnings call summary indicates several challenges: declining revenues, competitive pressures, and customer consolidation risks. Despite a strong cash position and disciplined capital allocation, financial performance showed declines in key metrics like EPS and EBITDA. The Q&A highlighted uncertainties in M&A opportunities and cautious pricing dynamics, which may concern investors. The overall sentiment leans negative due to these financial and market pressures, despite some positive aspects like free cash flow and cash position.
