Expro Group (XPRO) to Release Earnings on Thursday

Expro Group (NYSE:XPRO) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Expro Group to post earnings of $0.12 per share for the quarter. Expro Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Expro Group (NYSE:XPRO) last issued its earnings results on Wednesday, February 21st. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). Expro Group had a negative return on equity of 0.09% and a negative net margin of 1.54%. The business had revenue of $406.75 million for the quarter, compared to analyst estimates of $382.91 million. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, analysts expect Expro Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Expro Group Stock Performance

Expro Group stock opened at $18.62 on Thursday. The business has a 50 day moving average of $18.95 and a 200-day moving average of $17.77. Expro Group has a 1 year low of $14.33 and a 1 year high of $25.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.74 and a quick ratio of 1.45. The company has a market capitalization of $2.05 billion, a P/E ratio of -84.64 and a beta of 0.91.

Analysts Set New Price Targets

Separately, Barclays upped their target price on Expro Group from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th.

Hedge Funds Weigh In On Expro Group

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Expro Group by 3.1% in the 2nd quarter. BlackRock Inc. now owns 6,060,128 shares of the company’s stock valued at $107,385,000 after acquiring an additional 179,835 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Expro Group by 20.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,204,573 shares of the company’s stock valued at $58,099,000 after purchasing an additional 551,821 shares during the last quarter. Vanguard Group Inc. lifted its position in Expro Group by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 2,314,224 shares of the company’s stock valued at $36,842,000 after purchasing an additional 97,669 shares during the last quarter. State Street Corp raised its holdings in shares of Expro Group by 15.7% during the first quarter. State Street Corp now owns 2,246,527 shares of the company’s stock valued at $41,246,000 after acquiring an additional 305,675 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Expro Group by 3.2% during the second quarter. Geode Capital Management LLC now owns 1,534,127 shares of the company’s stock valued at $27,185,000 after acquiring an additional 47,940 shares in the last quarter. 92.07% of the stock is currently owned by institutional investors.

About Expro Group

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.