RPC(US:RES) ZACKS·2024-10-24 12:55Company Performance - RPC reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.14 per share, representing an earnings surprise of -35.71% [1] - The company posted revenues of $337.65 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 6.05%, compared to year-ago revenues of $330.42 million [1] - Over the last four quarters, RPC has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] Stock Outlook - RPC shares have lost about 13.6% since the beginning of the year, while the S&P 500 has gained 21.5% [2] - The current consensus EPS estimate for the coming quarter is $0.12 on $342.4 million in revenues, and $0.55 on $1.44 billion in revenues for the current fiscal year [4] - The estimate revisions trend for RPC is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Industry Context - The Oil and Gas - Field Services industry is currently in the bottom 35% of the Zacks industry rankings, which can materially impact stock performance [5] - Flotek Industries, another company in the same industry, is expected to report quarterly earnings of $0.07 per share, representing a year-over-year change of +75%, with revenues expected to be $50.4 million, up 6.6% from the year-ago quarter [5]