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OIS - Waning Pricing Power Could Stymie Oil States
Oil States International Inc.
CEO Cindy Taylor. Source: Tudor Pickering
Oil States International (OIS) reports quarterly earnings after-hours. Analysts expect revenue of $237.78 million and EPS of -$0.19. The revenue estimate implies a 10% decline sequentially. Investors should focus on the following key items.
Waning Pricing Power In North America
Experts and pundits continue to debate about the direction of the economy. Can economic expansion continue as is or do we need fiscal stimulus to keep the economy afloat? Earnings of cyclical names like Oil States likely reflect the vagaries of the economy. In Q3 2019, Oil