Core Labs (CLB) Issues Q4 Earnings Guidance
Core Labs (CLB) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.10-1.17 for the period.
Shares of Core Labs (CLB) traded up 1.41% during mid-day trading on Wednesday, hitting $103.71. Core Labs (CLB) has a one year low of $93.30 and a one year high of $143.21. The company has a market cap of $4.906 billion and a P/E ratio of 23.88.
Core Labs last issued its quarterly earnings data on Wednesday, October 17th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Core Labs (CLB) will post $4.47 earnings per share for the current fiscal year.
A number of research firms have also recently commented on CLB. Analysts at Tudor Pickering downgraded shares of Core Labs from an accumulate rating to a sell rating in a research note to investors on Tuesday, October 2nd. On a related note, analysts at FIG Partners set a $145.00 price target on shares of Core Labs in a research note to investors on Monday, October 1st. Finally, analysts at William Blair initiated coverage on shares of Core Labs in a research note to investors on Tuesday, September 18th. They set an outperform rating on the stock.
Core Laboratories N.V. (Core Lab) is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry.
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