What caused CHX's EPS decline from Q2 to Q4 2024?

ChampionX's EPS declined from $0.43 in Q2 2024 to $0.27 in Q4 2024, missing the consensus estimate of $0.45 for Q2 2024. This decline can be attributed to several factors:

1. **Revenue Decline**: The company's revenue decreased by 3.5% compared to the same quarter last year. This decline in revenue likely contributed to the lower EPS as the company generated less income to distribute among its shares.
2. **Analyst Estimates**: Capital One Financial dropped its FY2024 EPS estimate for ChampionX, forecasting an EPS of $1.67 for the year, down from the previous estimate of $1.97. This adjustment in estimates may reflect a more cautious outlook on the company's earnings, which could have influenced the Q4 2024 EPS negatively.

In conclusion, the decline in ChampionX's EPS from Q2 to Q4 2024 is likely a result of a combination of factors including revenue decline and analyst estimates.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|CHX|CHX.O|ChampionX|2024 Q1|87.09677419354837|0.58|185|
|CHX|CHX.O|ChampionX|2024 Q2|-43.74999999999999|0.27|185|