WTTR Earnings Prediction
The chart below shows how WTTR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WTTR sees a -1.67% change in stock price 10 days leading up to the earnings, and a +1.71% change 10 days following the report. On the earnings day itself, the stock moves by -0.08%. This data can give you a slight idea of what to expect for the next quarter's release.
WTTR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
371.35M
-4.60%
1.70%
Gross Margin
16.64%
16.20%
2.27%
Operating Margin
6.60%
53.13%
18.07%
Net Margin
5.07%
29.01%
24.26%
EPS
0.15
25.00%
15.38%
No Data Available
WTTR Earnings Analysis
Select Water Solutions, Inc. Corporation (WTTR.N) Earnings Conference Call
Positive
Water Solutions Revenue Surge: Select Water Solutions achieved a 40% year-over-year revenue growth in Q3 2024, reaching $82 million.
Net Income Increase: The company reported a net income of $19 million for Q3 2024, reflecting a 26% increase compared to Q2 2024.
Strong Free Cash Flow: Select Water Solutions generated solid free cash flow during the quarter, supporting continued operational improvements.
Water Infrastructure Revenue Surge: The Water Infrastructure segment saw a 20% increase in revenues and a 33% increase in gross profit before D&A compared to Q2 2024.
Dividend Increase Announcement: The company announced a 17% increase in its quarterly dividend payment to $0.07 per share, demonstrating strong financial health.
Negative
Net Income Decline: Despite achieving growth in overall profitability, the company reported a net income of $19 million, which is a decrease from the previous quarter.
Gross Profit Improvement: The gross profit for the third quarter improved to $47 million, representing a 33% increase compared to Q2, but still reflects challenges in the market.
Water Infrastructure Revenue Decline: The company anticipates a decline in water infrastructure revenue by 10% to 15% sequentially in the fourth quarter, indicating potential operational challenges ahead.
SG&A Expense Reduction: The SG&A expenses decreased by more than 4% or $1.7 million relative to the second quarter, but this reduction may not be sufficient to offset other rising costs.
Capital Expenditure Decline: The net CapEx for Q3 was $31 million, down from $46 million in Q2, indicating a potential slowdown in capital investment and growth initiatives.
WTTR FAQs
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WTTR Earning Call Sentiment
Select Water Solutions, Inc. (WTTR) Q3 2024 Earnings Call Transcript
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WTTR.N
-2.06%Positive
The earnings call summary reveals strong financial performance, especially in the Water Infrastructure segment, with significant revenue and profit growth. Despite some operational downtime and macroeconomic challenges, the company's strategic focus on infrastructure and long-term contracts is promising. The Q&A section supports positive sentiment, highlighting efficient asset integration and new product wins. Increased dividends and capital return to shareholders further enhance the outlook. Considering the market cap, the stock price is likely to see a positive movement of 2% to 8% over the next two weeks.
