Why Is EXPRO LTD (XPRO) Stock Down Today?

Expro Ltd shares fell 15.94% to close at $13.34 on Monday. The sharp decline followed the release of third-quarter financial results and a revised annual outlook that lowered EBITDA guidance. The stock also printed 29 fresh 52-week lows during the session.

What Happened

Expro reported third-quarter adjusted earnings per share of $0.19, missing the consensus estimate of $0.29. Revenue for the period came in at $439.943 million, which exceeded the expected $433.831 million. The company filed a Form 8-K with the Securities and Exchange Commission on November 3, 2026, to disclose its results of operations and financial condition.

Management provided fourth-quarter sales guidance of $465.000 million to $485.000 million, compared to the previous estimate of $452.243 million. However, the company narrowed its full-year 2026 sales guidance from a prior range of $1.650 billion to $1.700 billion to a new range of $1.660 billion to $1.680 billion. The revised outlook included lower EBITDA guidance, a move attributed to deferred subsea work.

What The Data Shows

The stock closed at $13.34, near the bottom of its 52-week range, which spans from $12.44 to $19.23. The company has a market capitalization of $1.9 billion and a price-to-earnings ratio of 87.1. Trailing twelve-month revenue declined by 7.1%, while the net margin stood at 1.3%. The stock has a beta of 1.01, indicating volatility in line with the broader market.

What To Watch

Investors will monitor the company's ability to execute on its revised 2026 sales guidance of $1.660 billion to $1.680 billion. The market will also watch for further updates on subsea project timelines that contributed to the lower EBITDA outlook.