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Core Laboratories N.V. (CLB)
NYSE:CLB
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.19Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -1.29%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in revenue growth, debt reduction, and technological advancements. However, challenges such as geopolitical conflicts, adverse weather conditions, and a decline in U.S. land activity were also noted. Despite these issues, the company showed resilience with improvements in margins and successful new technology deployments.Company Guidance
During the Core Lab Q3 2024 earnings call, the company provided guidance for the fourth quarter, projecting total revenue to range from $128.5 million to $135.5 million, with operating income expected between $14.8 million and $17.7 million, resulting in operating margins of 12%. Earnings per share (EPS) for Q4 are anticipated to be between $0.20 and $0.25. The Reservoir Description segment is forecasted to achieve revenues between $87.5 million and $90.5 million, with operating income expected from $13.4 million to $14.9 million. For Production Enhancement, revenue is projected to range from $41 million to $45 million, with operating income predicted between $1.3 million and $2.7 million. The company highlighted ongoing international recovery and growth opportunities, especially in long-cycle projects across various regions, despite expected seasonal declines in U.S. onshore completion activity.Revenue Growth
Core Laboratories reported a revenue increase of 3% compared to Q2 2024 and over 7% compared to Q3 2023, reaching $134.4 million.
Debt Reduction
Core reduced net debt by $12 million, achieving the lowest leverage ratio of 1.47 in the last 6 years.
Operating Margin Improvement
Operating margins for Reservoir Description were up to 17% from 14% in Q2, and overall company margins improved from 13% to 14%.
Production Enhancement Performance
Production Enhancement revenue grew by nearly 3% over Q2 and over 13% year-over-year with notable international sales.
Innovative Technologies
The new Pulverizer technology was successfully deployed, enhancing offshore well abandonment efficiency and safety.
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CLB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $17.07 | $18.93 | +10.90% |
| Jul 24, 2024 | $22.00 | $24.32 | +10.55% |
| Apr 24, 2024 | $16.50 | $17.04 | +3.27% |
| Jan 31, 2024 | $15.73 | $15.00 | -4.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Core Laboratories N.V. (CLB) report earnings?
Core Laboratories N.V. (CLB) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Core Laboratories N.V. (CLB) earnings time?
Core Laboratories N.V. (CLB) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLB EPS forecast?
CLB EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
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