Carbo Ceramics (CRR) got here out with a quarterly lack of $0.58 per share versus the Zacks Consens
Carbo Ceramics (CRR) got here out with a quarterly lack of $0.58 per share versus the Zacks Consensus Estimate of a lack of $0.50. This compares to lack of $0.62 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -16%. 1 / 4 in the past, it was anticipated that this maker of fabric used to spice up the output of oil and pure fuel wells would submit a lack of $0.52 per share when it really produced a lack of $0.57, delivering a shock of -9.62%.
During the last 4 quarters, the corporate has not been in a position to surpass consensus EPS estimates.
Carbo Ceramics, which belongs to the Zacks Oil and Fuel – Subject Companies trade, posted revenues of $43.51 million for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 6.96%. This compares to year-ago revenues of $53.82 million. The corporate has not been in a position to beat consensus income estimates during the last 4 quarters.
The sustainability of the…