What's in Store for Core Laboratories (CLB) in Q2 Earnings?

Core Viewpoint - Core Laboratories Inc. (CLB) is expected to report second-quarter earnings on July 24, with a consensus estimate of a profit of 22 cents per share and revenues of $133.34 million [1] Earnings Performance - The Zacks Consensus Estimate for second-quarter 2024 earnings has seen both upward and downward revisions in the past 30 days, indicating a 4.76% year-over-year increase, while revenues are expected to rise by 3.49% compared to the previous year [3] - CLB's revenues are projected to increase to $133 million from $129.6 million in the prior year, driven by strong performance in the Reservoir Description segment [4] - In the last reported quarter, CLB achieved adjusted earnings of 19 cents per share, exceeding the consensus estimate by 3 cents, with revenues of $129.6 million also surpassing expectations by 4.5% [10] Earnings Prediction - The Earnings ESP for CLB is -2.33%, indicating that the model does not predict an earnings beat for this reporting cycle [12] - CLB currently holds a Zacks Rank of 3 (Hold), which does not suggest a strong likelihood of an earnings beat [20] Operating Expenses - Projected operating expenses for the quarter are expected to reach $118.4 million, an increase of 8.7% from the previous year, with direct operating costs rising from $100.3 million to $104.6 million [17]