Overview

* Oil States ( OIS ) Q3 revenue of $165 mln missed analyst expectations

* Adjusted EPS of $0.08 missed analyst estimates

* Company generated $31 mln in cash flows from operations

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* OFFSHORE FOCUS - Co emphasized offshore and international operations amid U.S. headwinds from lower commodity prices and tariffs

* BACKLOG INCREASE - Offshore Manufactured Products segment backlog grew 10% with strong bookings

* RESTRUCTURING IMPACT - Completion and Production Services faced restructuring costs affecting revenues

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $165 mln $167.68

Revenue mln (4

Analysts

)

Q3 Miss $0.08 $0.09 (4

Adjusted Analysts

EPS )

Q3 EPS $0.03

Q3 Net $2 mln

Income

Q3 $21 mln

Adjusted

EBITDA

Q3 $31 mln

Adjusted

Free

Cash

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil related services and equipment peer group is "buy"

* Wall Street's median 12-month price target for Oil States International Inc ( OIS ) is $7.75, about 12.5% above its October 30 closing price of $6.78

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)