RPC Inc <RES.N>: Profits of 29 cents per share anticipated for fourth quarter

23 January 2023 02:14 p.m. All figures in US dollars. RPC Inc is expected to show an increase in its fourth quarter earnings to 29 cents​ per share according to the mean Refinitiv estimate from five analysts. Wall Street expects results to range from 24 cents to ​31 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Hold". This includes one "Buy", four "Hold". * The average consensus recommendation for the oil related services and equipment peer group is also "Hold". FORECAST CHANGES * Five analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate is unchanged from 29 cents. Estimates ranged from a high of 31 cents to a low of 24 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the five analysts providing estimates is $11. YEAR OVER YEAR * The company is expected to report a rise in revenue to $453.53 million from $268.25 million in the same quarter last year. * The current quarter consensus estimate of 29 cents per share implies a gain of 380.33 percent from the same quarter last year when the company reported 6 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 0.22 0.32 Beat Jun. 30 2022 0.10 0.22 Beat Mar. 31 2022 0.07 0.07 Met Dec. 31 2021 0.03 0.06 Beat This summary was machine generated from Refinitiv data January 23 at 02:14 p.m..