April 26, 2023 3:01 p.m | 1 min of reading
Oil States International (NYSE:OIS) is scheduled to report its latest quarterly earnings on Thursday 04-27-2023. Here’s what investors need to know ahead of the announcement.
Analysts estimate that Oil States International will report a earnings to share (EPS) of $0.02.
Oil States International bulls are hoping to hear the company announce that they not only beat that estimate, but also offer positive guidance, or expect growth, for the next quarter.
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New investors should keep in mind that sometimes it’s not an earnings increase or a mistake that affects a stock’s price the most, but the direction (or forecast).
Past earnings performance
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Last quarter, the company beat EPS by $0.01, followed by a 7.03% increase in the stock price the next day.
Below is Oil States International’s past performance and the resulting price change:
| quarter | 4Q 2022 | 3Q 2022 | Q2 2022 | 1st quarter of 2022 |
|---|---|---|---|---|
| EPS estimate | 0.04 | 0.01 | -0.06 | -0.13 |
| Actual EPS | 0.05 | 0.03 | -0.08 | -0.16 |
| % price change | 7.03% | -0.34% | -6.53% | 1.2% |
Stock performance
Shares of Oil States International traded at $7.65 on April 25. Over the past 52 weeks, the stock is up 11.09%. Since these returns are generally positive, long-term shareholders are likely to be bullish on this earnings release.
To track all of Oil States International’s earnings releases, visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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