Core Laboratories to Post Q4 Earnings: Here's What to Expect

Core Points - Core Laboratories Inc. (CLB) is expected to report fourth-quarter earnings on January 29, with a consensus estimate of 23 cents per share and revenues of $130.9 million [1][4] - The company has shown a positive trend in earnings, beating the consensus estimate in three of the last four quarters, with an average surprise of 4.63% [3][4] Financial Performance - In the last reported quarter, CLB's adjusted earnings were 25 cents per share, exceeding the consensus estimate by 4 cents, driven by strong performance in the Reservoir Description and Production Enhancement segments [3] - Revenues for the last quarter were$ 134.4 million, surpassing the Zacks Consensus Estimate by 1.1% [3] Future Expectations - The Zacks Consensus Estimate for fourth-quarter 2024 indicates a 21.05% year-over-year increase in earnings and a 2.10% increase in revenues compared to the previous year [4] - Projected revenues for the upcoming quarter are expected to rise to $130.9 million from$ 128.2 million in the same quarter last year, primarily due to a 4.2% increase in the Reservoir Description segment [6] Cost Considerations - Total operating expenses for the fourth quarter are anticipated to be $115.2 million, reflecting a 1.3% increase from the previous year [7] - Costs of services and product sales are expected to rise from$ 101.5 million to $103.1 million, while general and administrative expenses are projected to increase from$ 8.7 million to $10.1 million [7] Earnings Prediction - The current model does not predict an earnings beat for CLB, as the Earnings ESP is 0.00% and the Zacks Rank is 4 (Sell) [9][10]