ProFrac Holding Corp. (ACDC) Q2 Earnings and Revenues Lag Estimates

分组1 - ProFrac Holding Corp. reported quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.14 per share, and down from $0.13 per share a year ago, representing an earnings surprise of -85.71% [1] - The company posted revenues of $579.4 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 7.24%, and down from $709.2 million year-over-year [1] - ProFrac Holding Corp. has not surpassed consensus EPS or revenue estimates over the last four quarters [1] 分组2 - The stock has lost about 28% since the beginning of the year, while the S&P 500 has gained 11.5% [2] - The current consensus EPS estimate for the coming quarter is $0.17 on revenues of $624.33 million, and for the current fiscal year, it is $0.43 on revenues of $2.44 billion [4] - The Zacks Industry Rank for Alternative Energy - Other is currently in the bottom 40% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [5] 分组3 - ReNew Energy Global PLC, another company in the same industry, is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year change of -11.1%, with revenues expected to be $344.6 million, up 14.9% from the year-ago quarter [5][6]