RPC (RES) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for RPC, driven by 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 $0.07 per share, reflecting a year-over-year increase of 16.7% [3]. - Revenues are projected to reach $425 million, representing a 26.7% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for RPC aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with positive readings being more reliable [8][9]. - RPC currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, RPC exceeded expectations with earnings of $0.09 per share against an estimate of $0.05, achieving a surprise of 80% [12]. - Over the past four quarters, RPC has only beaten consensus EPS estimates once [13]. Conclusion - While RPC may not be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].