Analysts Estimate RPC (RES) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for RPC despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - RPC is expected to report quarterly earnings of $0.09 per share, reflecting a 40% decrease year-over-year, while revenues are projected to be $408 million, an increase of 12% from the previous year [3]. - The consensus EPS estimate has been revised down by 20.83% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for RPC matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, complicating predictions of an earnings beat [12]. - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, which increases the likelihood of a positive surprise [10]. Historical Performance - RPC has only beaten consensus EPS estimates once in the last four quarters, with a recent surprise of -14.29% when it reported earnings of $0.06 against an expectation of $0.07 [13][14]. Industry Comparison - Helix Energy, another player in the oil and gas services sector, is expected to report earnings of $0.01 per share, a significant year-over-year decline of 95.2%, with revenues anticipated to be $326.27 million, down 10.6% from the previous year [18]. - Helix Energy's consensus EPS estimate has remained unchanged over the last 30 days, and it also has an Earnings ESP of 0% with a Zacks Rank of 4, indicating challenges in predicting an earnings beat [19].