Nine Energy Service Inc expected to post a loss of 37 cents a share - Earnings Preview

Nine Energy Service

02/08/2024 17:47

* Nine Energy Service Inc  NINE.N   NINE.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
17.0% decrease in revenue to $134 million from $161.43 million a
year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on May 7 2024, for the period
ended June 30, was for revenue between $130.00 million and
$140.00 million.
    * ​LSEG's mean analyst estimate for Nine Energy Service Inc
is for
a loss of 37 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​, below​ its last closing price of $1.80.
​​​

This summary was machine generated August 2 at 16:47 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)