XPRO Earnings Prediction
The chart below shows how XPRO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, XPRO sees a +3.37% change in stock price 10 days leading up to the earnings, and a -2.02% change 10 days following the report. On the earnings day itself, the stock moves by -2.79%. This data can give you a slight idea of what to expect for the next quarter's release.
XPRO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
422.83M
14.33%
-9.97%
Gross Margin
12.78%
185.27%
-3.91%
Operating Margin
7.94%
443.84%
-10.59%
Net Margin
3.85%
202.67%
18.46%
EPS
0.14
207.69%
7.69%
No Data Available
XPRO Earnings Analysis
Expro Group Holdings N.V. Corporation (XPRO.N) Earnings Conference Call
Positive
Q3 Revenue Surge: 1. Strong Revenue Growth: Expro reported Q3 2024 revenue of $423 million, reflecting a year-over-year increase of $53 million or 14%, marking the strongest Q3 revenue since the completion of the Expro/Frank's merger in Q4 2021.
Adjusted EBITDA Surge: 2. Significant Adjusted EBITDA Increase: The adjusted EBITDA for Q3 2024 was $85 million, representing a substantial year-over-year increase of approximately $35 million or 69% compared to Q3 2023.
Strong Backlog Performance: 3. Healthy Backlog: Expro's backlog remained robust at approximately $2.3 billion at the end of the quarter, including roughly $100 million from Coretrax and PRT, consistent with the previous quarter.
EBITDA Margin Improvement: 4. Improved EBITDA Margin: The adjusted EBITDA margin for Q3 2024 was 20%, up roughly 650 basis points year-over-year, indicating improved operational efficiency.
New Contract Awards Growth: 5. New Contract Awards: The company captured approximately $354 million in new contract awards during the quarter, including well construction contracts worth around $80 million, demonstrating strong demand for its services.
Negative
Revenue Decline Analysis: 1. Sequential Revenue Decline: Expro reported a sequential revenue decline of $47 million or 10% in Q3 2024, primarily due to the ramp-up of the Congo project and lower well construction activity.
Congo Project Financial Losses: 2. Negative Impact from Congo Project: The Congo Production Solutions project resulted in a $7 million negative impact on adjusted EBITDA for Q3 2024, with losses recognized in both Q2 and Q3, affecting overall financial performance.
Revised Revenue Expectations: 3. Lower Guidance for 2024: The company refined its full-year guidance, now expecting revenue between $1.72 billion and $1.75 billion, which is a decrease from previous expectations, reflecting cautious customer spending and project delays.
EBITDA Margin Decline: 4. Decreased EBITDA Margin: Adjusted EBITDA for Q3 2024 decreased by $10 million or 10% sequentially, with the adjusted EBITDA margin expected to remain around 20%, indicating pressure on profitability.
Regional Revenue Decline: 5. Weak Performance in North and Latin America: Revenue from North and Latin America decreased by $18 million or 11% quarter-over-quarter, driven by lower well construction and testing activity, highlighting regional challenges.
XPRO FAQs
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XPRO Earning Call Sentiment
Expro Group Holdings N.V. (XPRO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
XPRO.N
-2.46%Positive
The earnings call presents mixed signals: strong year-over-year growth in revenue and adjusted EBITDA, but sequential declines and weaker than expected performance in key markets. The revised guidance is lower than previously stated, and management's vagueness on certain targets raises concerns. While positive elements like backlog consistency and improved margins exist, uncertainties in market performance and guidance impact the sentiment. The market cap suggests moderate sensitivity, leading to a neutral prediction for stock movement, with potential minor fluctuations around the current level.
