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Oil States International (OIS) reports quarterly earnings July 29th. Analysts expect revenue of $695.95 million and EPS of $0.48. The revenue estimate implies 9% growth sequentially. Investors should focus on the following key items.
Has North America Bottomed?
Oil services firms with out-sized exposure to North America land drilling have faced headwinds of late. Drilling activity in North America slowed in the second half of last year. Budget exhaustion may have caused certain shale oil plays to pull the reins on E&P in the region. Sagging E&P lasted also negatively