Expro Group Holdings NV

XPRO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$86.00	Fdtv	Czvghck

Expro’s Q3 Results In Line With Guidance; Raising Fair Value Estimate to $19

Katherine Olexa

Nov 4, 2022

Expro’s third-quarter results were at the high end of its guidance, with revenue increasing 7% quarter over quarter and a firmwide adjusted EBITDA margin reaching 14%. We’re slightly raising our fair value estimate to $19 per share from $18. We maintain our no-moat rating and stable moat trend.

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