Why Is EXPRO LTD (XPRO) Stock Down Today?

Expro Ltd shares fell 15.25% to $13.45 on Monday, driven by a weaker third-quarter earnings report and a reduction in full-year financial guidance. The energy services company missed analyst expectations for adjusted earnings per share and narrowed its 2026 sales outlook, prompting a sharp sell-off in the equity.

What Happened

Expro Group Holdings reported third-quarter adjusted earnings of $0.19 per share, falling short of the $0.29 estimate. Revenue of $439.943 million exceeded the $433.831 million consensus, but the profit miss weighed heavily on the stock. The company also revised its 2026 outlook, narrowing full-year sales guidance from $1.650 billion to $1.700 billion to a new range of $1.660 billion to $1.680 billion. This adjustment came in below the $1.651 billion market estimate. Additionally, Expro lowered its EBITDA guidance for the year. The company filed a Form 8-K with the SEC on November 3, 2026, disclosing the results of operations and financial condition.

What The Data Shows

The stock opened at $15.50, a 2.3% gap down from the prior close of $15.87. The session high was $15.50 at 9:15 AM ET, while the low hit $13.45 at 11:20 AM ET. Trading volume reached 0.5 million shares, which is 0.5 times the three-month daily average. The stock printed eight fresh 52-week lows on November 3, 2026, extending its decline within a 52-week range of $12.44 to $19.23. Fundamentals show a market capitalization of $1.9 billion, a P/E ratio of 87.1, and a net margin of 1.3%. Trailing twelve-month revenue declined by 7.1%, and the stock maintains a beta of 1.01.

What To Watch

Investors will monitor the company's fourth-quarter sales guidance, which stands at $465.000 million to $485.000 million, compared to the $452.243 million estimate. The market will also watch how the narrowed full-year sales target of $1.660 billion to $1.680 billion impacts future revenue projections and the company's ability to meet its revised EBITDA targets.