Nine Energy Service Inc expected to post a loss of 32 cents a share - Earnings Preview

Nine Energy Service

03/05/2024 13:50

* Nine Energy Service Inc  NINE.N   NINE.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 7 for
the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
13.2% decrease in revenue to $141.9 million from $163.41 million
a year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Nine Energy Service Inc
is for
a loss of 32 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong 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 $4.50​, above​ its last closing price of $2.12.
​​​

This summary was machine generated May 3 at 12:50 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)