News · Expro Group Holdings N.V. (XPRO) · Energy

Expro falls 15.9% after quarterly results miss estimates

Session of November 3, 2026 · Published November 4, 2026 · 3 min read

What happened

Expro fell 15.9% on November 3, 2026, after reporting third-quarter results that missed estimates because of weaker earnings and revenue. The stock, Expro (XPRO), opened 6.8% below the previous close and finished the session at a closing price of $13.34. Management held an earnings call on November 3, 2026, to discuss the results, which included diluted earnings per share of $0.19 against $0.27 expected, 29.3% below estimates.

Closing price over the last 30 trading sessions. On November 3, 2026, XPRO closed at $13.34, down 15.9% on the day and 19.2% lower than 30 sessions earlier.

How big was the move

The selloff was outsized: trading volume was 3.5 times its 20-day average and the session’s price move was 4.5 times a typical daily move for this stock. Over the last five sessions the stock fell 23.7%. By comparison the S&P 500 rose 0.4% on the day while the energy sector median fell 0.5%, making the stock’s performance 15.4 percentage points worse than the sector median. The stock’s beta of 0.49 indicates it tends to move less than the market, underscoring how company-specific news drove the decline.

Each bar is one day's price change; the outlined bar is November 3, 2026. A typical daily move over the past year was 3.1%, so the latest move equals 5.1 times that. Moves outside the dashed lines (about 6.2%) are unusual.

The technical picture

The stock traded well below its key moving averages. It was 18.2% below its 20-day moving average, 20.4% below its 50-day moving average and 19.1% below its 200-day moving average. The 50-day average is above the 200-day average, a sign of an established uptrend, but the Relative Strength Index (14 days) read 30, a level often called oversold. Expro closed 30.6% below its 52-week high and has fallen 20.5% over one month and 18.3% over three months. Volatility was 56% annualized over 60 days, higher than 64% of its own readings over five years.

Closing price over the past year. XPRO ends the period 29.6% below its 52-week high, below its 50-day average ($16.77) and below its 200-day average ($16.49).

Fundamentals and valuation

For the four quarters through September 30, 2026, revenue was $1.58 billion, a decline of 4.8% from a year earlier. Diluted earnings per share for that period came to $0.01, with earnings per share growth from a year earlier down 98.2%. Gross margin stood at 13.3% compared with 13.1% a year earlier, while operating margin slipped to 3.2% from 8.3% a year earlier. Return on invested capital was 1.6% and the balance sheet showed net debt of 0.7 times EBITDA. Share count over one year decreased by 3.1%.

Quarterly revenue by period end. The latest quarter brought $440M, 6.9% more than the same quarter a year earlier.

Valuation looked stretched by one measure: price to trailing earnings was 1223.9 times trailing earnings, the highest reading of the past five years (five-year median: 47.5 times earnings). Price to forward earnings was 15.1 times expected earnings. PromtFinance scores placed the stock well down the sector ranking, with Value 31 (Weak), Growth 22 (Very weak), Quality 22 (Very weak) and Momentum 33 (Weak), and additional scores of Revisions 24 (Very weak) and Stability 25 (Very weak).

Taken together, the fundamentals show a company with contracting revenue and sharply depressed earnings, while one valuation measure signals an extreme reading relative to its recent history. The balance sheet, with net debt of 0.7 times EBITDA, offers some support but does not offset the decline in operating margin and the collapse in earnings per share growth.

Earnings and analyst expectations

The company reported on November 3, 2026, earnings per share of $0.19 against $0.27 expected, 29.3% below estimates, and management discussed the results on an earnings call that day. The last report reduced Expro’s streak of quarterly beats to zero consecutive quarters, and the average surprise over the last four reports was 44.2% below estimates. Typical two-day reactions after recent reports had seen the stock rise 2.8%, a contrast to the sharp decline on this earnings day. The next report is scheduled for February 18, 2027.

Diluted earnings per share by quarter. The latest quarter shows -$0.05, against $0.12 in the same quarter a year earlier.

Analysts numbered 20 with ratings on the stock and the consensus rating was Buy. Consensus price target was $19.00, which is 42.4% above the closing price. Forty-five percent of analysts rated the stock Buy or Strong Buy.

News outlets reported the company’s weaker-than-expected quarter and said management addressed the shortfall on the earnings call. The results and call were noted by Seeking Alpha and Zacks Investment Research, which highlighted the miss and the year-over-year changes in the quarter.

What to watch

February 18, 2027: next scheduled earnings report
Consensus price target $19.00, 42.4% above the closing price
Trading volume at 3.5 times its 20-day average on November 3, 2026
Price to trailing earnings 1223.9 times, the highest reading of the past five years
Net debt of 0.7 times EBITDA

Full XPRO analysis: scores, chart and financials →