## Ranger Energy Services (RNGR) Earnings Preview: What to Expect on October 28th
Get ready, investors! Ranger Energy Services (RNGR) is gearing up to unveil its quarterly earnings on Monday, October 28th. The market is abuzz with anticipation, and all eyes will be on the company’s performance. But what should investors expect? Let’s delve into the details.
Analysts’ Expectations and Guidance:
Analysts are projecting an earnings per share (EPS) of $0.29 for the quarter. While beating this estimate would be a positive sign, investors are particularly interested in the guidance – the company’s forecast for future growth. In the past, it’s been the guidance, not just the earnings beat or miss, that has significantly influenced the stock’s price.
Historical Earnings Performance:
Ranger Energy Services has a track record of exceeding EPS expectations in recent quarters. Last quarter, the company beat EPS by $0.08, resulting in a 13.54% surge in the share price the following day. Here’s a snapshot of the company’s past performance:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | $0.13 | $0.21 | 14.00% |
| Q1 2024 | $0.07 | -$0.03 | 2.00% |
| Q4 2023 | $0.29 | $0.09 | 7.00% |
| Q3 2023 | $0.47 | $0.38 | 1.00% |
Market Sentiment and Investor Expectations:
As of October 24th, shares of Ranger Energy Services were trading at $12.28. Over the past 52 weeks, the stock has declined by 5.97%. This negative trend suggests a bearish sentiment among long-term shareholders heading into the earnings release.
Analyst Insights:
To gain a comprehensive understanding of market sentiment and expectations, it’s crucial to consider analyst opinions. Analysts have assigned Ranger Energy Services a consensus rating of Neutral, with an average one-year price target of $13.0, suggesting a potential 5.86% upside.
Peer Analysis:
To put Ranger Energy Services’ performance in context, let’s compare it to its peers: Oil States International, Natural Gas Services Gr, and DMC Glb. Here’s a summary of their analyst ratings and average one-year price targets:
| Company | Consensus Rating | Average 1-Year Price Target | Potential Upside/Downside |
|—|—|—|—|
| Oil States International | Neutral | $6.5 | 47.07% Downside |
| Natural Gas Services Gr | Buy | $27.0 | 119.87% Upside |
| DMC Glb | Buy | $19.0 | 54.72% Upside |
Key Takeaways:
* Ranger Energy Services ranks last in Revenue Growth among its peers.
* It sits in the middle for Gross Profit and Return on Equity.
Discovering Ranger Energy Services: A Closer Look:
Ranger Energy Services Inc. is a prominent player in the onshore oil and gas services sector. It provides high-specification well service rigs, wireline services, processing solutions, and ancillary services to exploration and production (E&P) companies across the United States. The company’s core business revolves around enhancing the flow of oil and natural gas throughout the productive life of a well.
Ranger Energy Services’s Economic Impact: An Analysis:
*
Market Capitalization:
The company’s market capitalization is below the industry average, indicating it is relatively smaller compared to its peers. This could reflect factors such as growth potential or operational scale.*
Revenue Growth:
Over the past 3 months, Ranger Energy Services has faced revenue challenges. As of June 30, 2024, the company experienced a revenue decline of approximately -15.38%, indicating a drop in top-line earnings. This growth rate lags behind the average of its peers in the Energy sector.*
Net Margin:
The company boasts a standout net margin, exceeding industry averages. With a strong net margin of 3.4%, Ranger Energy Services demonstrates effective cost control and profitability.*
Return on Equity (ROE):
Ranger Energy Services’s ROE surpasses industry standards, highlighting its exceptional financial performance. Its impressive 1.8% ROE showcases the company’s effective utilization of shareholder equity capital.*
Return on Assets (ROA):
Ranger Energy Services’s ROA also surpasses industry averages, with an impressive 1.31%. This demonstrates the company’s efficient utilization of assets and strong financial performance.*
Debt Management:
The company maintains a balanced debt approach, with a debt-to-equity ratio below industry norms at 0.09.Stay Informed:
To track all earnings releases for Ranger Energy Services, visit the earnings calendar on our site. Keep a close eye on the company’s upcoming earnings report for a clearer picture of its future trajectory.