ProPetro Holding (PUMP) Tops Q1 Earnings and Revenue Estimates

Core Viewpoint - ProPetro Holding (PUMP) reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.18 per share a year ago, indicating a 50% earnings surprise [1][2] Financial Performance - ProPetro's revenues for the quarter ended March 2025 were $359.42 million, surpassing the Zacks Consensus Estimate by 5.53%, but down from $405.84 million year-over-year [2] - Over the last four quarters, the company has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - ProPetro shares have declined approximately 43.5% since the beginning of the year, contrasting with the S&P 500's decline of 6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $358.68 million, and for the current fiscal year, it is $0.29 on revenues of $1.41 billion [7] Industry Outlook - The Oil and Gas - Field Services industry is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact ProPetro's stock performance [5][6]