Nine Energy Service Inc expected to post a loss of 30 cents a share - Earnings Preview

Nine Energy Service

29/10/2024 21:04

* Nine Energy Service Inc  NINE.N   NINE.K  is expected
to show a
fall in quarterly revenue when it reports  results on October 31
for the period ending September 30 2024
    * The Houston Texas-based  company is expected to report a
4.3% decrease in revenue to $134.6 million from $140.62 million
a year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on August 6 2024, for the
period ended September 30, was for revenue between $127.00
million and $137.00 million.
    * ​LSEG's mean analyst estimate for Nine Energy Service Inc
is for
a loss of 30 cents per share. 
    * The one available analyst rating on the shares is
"sell".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Nine Energy
Service Inc is 1.00​, above​ its last closing price of $0.85.
​​​

The company's guidance on August 6 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD11.595 million.
This summary was machine generated October 29 at 21:03 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)