Expro Group Hldgs N.V. Down 16.42% To $16.82 After Earnings

Expro Group Hldgs N.V. (XPRO) said before open Thursday that it broke even in quarter three 2023.

In the same quarter a year ago, the company lost $0.07 per share on revenue of $334.4 million.

The stock is down 16.42% to $16.82 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Expro Group Hldgs N.V. has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 81, putting Expro Group Hldgs N.V. in the top 25% of stocks. The firm was recently trading at a 52-week high of $25.04 on September 27, 2023 and set a 52-week low on December 9, 2022 at $14.61.

Expro Group offers products and services that span the well life cycle, including well construction, well flow management, well intervention and integrity, and subsea well access. It maintains operations around the world and specializes in offshore production solutions, capabilities enhanced by the 2021 merger with Frank's International. It also provides production optimization for both onshore and offshore applications.