Core Labs (CLB) Releases Q3 Earnings Guidance
Core Labs (CLB) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.09-1.13 for the period.
A number of analysts have recently weighed in on CLB shares. Analysts at FIG Partners set a $145.00 price target on shares of Core Labs in a research note to investors on Monday. On a related note, 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. Finally, analysts at Zacks reiterated a neutral rating on shares of Core Labs in a research note to investors on Monday, September 17th. They now have a $137.00 price target on the stock.
Shares of Core Labs (CLB) traded down 0.70% during mid-day trading on Monday, hitting $120.63. Core Labs (CLB) has a one year low of $82.74 and a one year high of $143.21. The company has a market cap of $5.707 billion and a P/E ratio of 28.36.
Core Labs last issued its quarterly earnings data on Wednesday, July 18th. The company reported $1.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.16. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Core Labs (CLB) will post $4.75 EPS for the current fiscal year.
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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