Ranger Energy Services (NYSE:RNGR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$138.1m (down 15% from 2Q 2023).

• Net income: US$4.70m (down 23% from 2Q 2023).

• Profit margin: 3.4% (down from 3.7% in 2Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.21 (down from US$0.25 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ranger Energy Services EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 15% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Ranger Energy Services, and understanding them should be part of your investment process.

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