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China Oilfield Services Class H (CHOLF)
:CHOLF
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 2.13%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While COSL maintained stable profits and showcased strong performance in the well service segment and R&D investment, it faced challenges from exchange rate fluctuations and decreased rig utilization due to weather conditions. The management's positive outlook for overseas market opportunities adds a sense of optimism.Company Guidance
During the COSL Q3 2024 earnings call, the company provided guidance on several key metrics and strategic initiatives. The management discussed the impact of exchange rate fluctuations, revealing a loss of approximately CNY 200 million due to the appreciation of the Chinese yuan from 7.1 to 7.0 against the U.S. dollar. The well service segment contributed significantly to the company's performance, accounting for around 56% of revenue and nearly 80% of profit. Despite a lowered utilization rate of semi-submersible rigs in Q3, influenced by typhoons in China, the company expressed optimism for improved utilization in Q4, especially with projects in the North Sea and Saudi Arabia. COSL plans to continue investing in R&D, with expenditures expected to increase beyond the CNY 2 billion spent last year. The company remains confident about future overseas market prospects, anticipating stable growth in the oil and gas industry and a positive impact from new projects in Brazil and Norway. Additionally, the management discussed the potential for stock repurchase activities, influenced by national policies encouraging central enterprises to buy back shares.Stable Profit Despite Weather Impact
COSL reported stable profits despite the influence of adverse weather conditions affecting operations.
Well Service Business Performance
Well service business accounted for 56% of revenue and 76-77% of profit, showing strong performance as a leading business segment.
R&D Investment
COSL increased its R&D investment from CNY 1.7 billion to almost CNY 2 billion, representing about 4% of revenue.
Positive Outlook for Overseas Markets
Management expressed confidence in the overseas market, particularly in Norway and Saudi Arabia, with higher anticipated revenues and margins in the upcoming year.
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CHOLF 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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CHOLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $0.94 | $0.95 | +1.06% |
| Aug 27, 2024 | $0.86 | $0.87 | +1.16% |
| Apr 25, 2024 | $1.15 | $1.12 | -2.61% |
| Mar 26, 2024 | $1.05 | $1.00 | -4.76% |
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 China Oilfield Services Class H (CHOLF) report earnings?
China Oilfield Services Class H (CHOLF) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is China Oilfield Services Class H (CHOLF) earnings time?
China Oilfield Services Class H (CHOLF) earnings time is at Mar 26, 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 CHOLF EPS forecast?
CHOLF EPS forecast for the fiscal quarter 2024 (Q4) is <0.01.
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