What is Sidoti Csr's Estimate for KLXE FY2024 Earnings?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Free Report) - Research analysts at Sidoti Csr raised their FY2024 earnings estimates for shares of KLX Energy Services in a research note issued on Monday, November 4th. Sidoti Csr analyst S. Ferazani now forecasts that the company will post earnings per share of ($2.83) for the year, up from their prior forecast of ($2.95). The consensus estimate for KLX Energy Services' current full-year earnings is ($2.85) per share. Sidoti Csr also issued estimates for KLX Energy Services' Q4 2024 earnings at ($0.80) EPS, Q1 2025 earnings at ($0.67) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at ($0.58) EPS, FY2025 earnings at ($1.45) EPS, Q1 2026 earnings at ($0.39) EPS and FY2026 earnings at ($0.71) EPS.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.40) earnings per share for the quarter, beating analysts' consensus estimates of ($0.72) by $0.32. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. The company had revenue of $180.20 million during the quarter, compared to analyst estimates of $179.80 million.

A number of other analysts have also weighed in on KLXE. Singular Research raised KLX Energy Services to a "strong-buy" rating in a research note on Monday, August 12th. Piper Sandler dropped their price target on shares of KLX Energy Services from $6.50 to $4.50 and set a "neutral" rating for the company in a research report on Monday, July 15th.

KLX Energy Services Price Performance

KLXE traded up $0.89 on Wednesday, hitting $5.29. 269,350 shares of the company were exchanged, compared to its average volume of 93,903. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The firm has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $5.66. KLX Energy Services has a 12 month low of $4.18 and a 12 month high of $12.13.

Hedge Funds Weigh In On KLX Energy Services

Hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in shares of KLX Energy Services during the 3rd quarter valued at about $58,000. Clifford Capital Partners LLC lifted its holdings in KLX Energy Services by 13.9% in the second quarter. Clifford Capital Partners LLC now owns 70,347 shares of the company's stock worth $348,000 after buying an additional 8,589 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of KLX Energy Services during the 2nd quarter worth approximately $156,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KLX Energy Services in the 2nd quarter worth approximately $84,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of KLX Energy Services by 90.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company's stock valued at $130,000 after purchasing an additional 12,485 shares during the period. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.