It has been a couple of month for the reason that final earnings report for ProPetro Holding (PUMP). Shares have misplaced about 19.3% in that timeframe, underperforming the S&P 500.
Will the current unfavorable development proceed main as much as its subsequent earnings launch, or is ProPetro due for a breakout? Earlier than we dive into how buyers 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 essential drivers.
How Have Estimates Been Shifting Since Then?
It seems, estimates evaluation have trended upward in the course of the previous month.
VGM Scores
Presently, ProPetro has a powerful Progress Rating of A, although it’s lagging rather a lot on the Momentum Rating entrance with a C. Nonetheless, the inventory was allotted a grade of A on the worth facet, placing it within the high quintile for this funding technique.
General, the inventory has an mixture VGM Rating of A. In the event you aren’t targeted on one technique, this rating is the one you need to be excited about.
Outlook
Estimates have been broadly trending upward for the inventory, and the magnitude of those revisions has been internet zero. Notably, ProPetro has a Zacks Rank #3 (Maintain). We count on an in-line return from the inventory within the subsequent few months.
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ProPetro Holding Corp. (PUMP) : 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 writer and don’t essentially mirror these of Nasdaq, Inc.
