A month has passed by for the reason that final earnings report for Cactus, Inc. (WHD). Shares have misplaced about 10.6% in that timeframe, underperforming the S&P 500.
Will the latest detrimental development proceed main as much as its subsequent earnings launch, or is Cactus due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast take a look at the latest earnings report with the intention to get a greater deal with on the vital drivers.
How Have Estimates Been Shifting Since Then?
It seems, estimates revision have trended downward in the course of the previous month.
The consensus estimate has shifted -13.23% because of these adjustments.
VGM Scores
Right now, Cactus has a pleasant Progress Rating of B, although it’s lagging a bit on the Momentum Rating entrance with a C. Charting a considerably comparable path, the inventory was allotted a grade of D on the worth facet, placing it within the backside 40% for this funding technique.
General, the inventory has an mixture VGM Rating of C. For those who aren’t centered on one technique, this rating is the one you have to be occupied with.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of those revisions signifies a downward shift. It is no shock Cactus has a Zacks Rank #4 (Promote). We count on a beneath common return from the inventory within the subsequent few months.
Efficiency of an Business Participant
Cactus belongs to the Zacks Oil and Gasoline – Built-in – United States trade. One other inventory from the identical trade, Occidental Petroleum (OXY), has gained 1.8% over the previous month. Greater than a month has handed for the reason that firm reported outcomes for the quarter ended December 2024.
Occidental reported revenues of $6.84 billion within the final reported quarter, representing a year-over-year change of -9.2%. EPS of $0.80 for a similar interval compares with $0.74 a 12 months in the past.
For the present quarter, Occidental is anticipated to submit earnings of $0.74 per share, indicating a change of +13.9% from the year-ago quarter. The Zacks Consensus Estimate has modified -17.7% over the past 30 days.
The general course and magnitude of estimate revisions translate right into a Zacks Rank #3 (Maintain) for Occidental. Additionally, the inventory has a VGM Rating of C.
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Cactus, Inc. (WHD) : Free Stock Analysis Report
Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
