Earnings Report: Here’s what to expect from KLX Energy Services Stock Forecast, Price & News (NASDAQ:KLXE)

Earnings results for KLX Energy Services Stock Forecast, Price & News (NASDAQ:KLXE)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has increased over the past week from -7.55 to 999(13331.79%) and increased over the past month from -7.55 to 999(13331.79%). none raised and none lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has increased over the past week from -22.83 to -17.25(24.44%) and remained the same over the past month at -22.83 . none raised and none lowered their forecast.

KLX Energy Services last issued its quarterly earnings results on June 4th, 2020. The reported ($4.40) EPS for the quarter, topping analysts’ consensus estimates of ($6.35) by $1.95. The firm had revenue of $83 million for the quarter, compared to analyst estimates of $76.50 million. KLX Energy Services has generated ($21.60) earnings per share over the last year. KLX Energy Services has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 19th, 2020 based off prior year’s report dates.

Analyst Opinion on KLX Energy Services Stock Forecast, Price & News (NASDAQ:KLXE)

5 Wall Street analysts have issued ratings and price targets for KLX Energy Services in the last 12 months. Their average twelve-month price target is $19.00, predicting that the stock has a possible upside of 108.11%. The high price target for KLXE is $25.00 and the low price target for KLXE is $13.00. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

KLX Energy Services has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.00, KLX Energy Services has a forecasted upside of 108.1% from its current price of $9.13. KLX Energy Services has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: KLX Energy Services Stock Forecast, Price & News (NASDAQ:KLXE)

KLX Energy Services does not currently pay a dividend. KLX Energy Services does not have a long track record of dividend growth.

Insiders buying/selling: KLX Energy Services Stock Forecast, Price & News (NASDAQ:KLXE)

In the past three months, KLX Energy Services insiders have sold 233.87% more of their company’s stock than they have bought. Specifically, they have bought $74,580.00 in company stock and sold $249,000.00 in company stock. Only 10.70% of the stock of KLX Energy Services is held by insiders. 76.14% of the stock of KLX Energy Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of KLX Energy Services Stock Forecast, Price & News (NASDAQ:KLXE

Earnings for KLX Energy Services are expected to grow in the coming year, from ($17.25) to ($3.50) per share. The P/E ratio of KLX Energy Services is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of KLX Energy Services is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. KLX Energy Services has a P/B Ratio of 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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