Nine Energy Service Inc reports results for the quarter ended in June - Earnings Summary

Nine Energy Service

06/08/2024 14:51

* Nine Energy Service Inc  NINE.N  reported a quarterly
adjusted
loss of 39 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -6 cents.  The lone analyst forecast for the quarter was
for a loss of 37 cents per share. 
    * Revenue fell 18% to $132.40 million from a year ago;
analysts
expected $134.00 million. 
    * The company reported a quarterly loss of $14.04 million.
    * Nine Energy Service Inc shares had fallen by 4.8% this
quarter and lost 40.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "sell"

Wall Street's median 12-month price target for Nine Energy
Service Inc is $1.00 
This summary was machine generated from LSEG data August 6 at
01:51 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.37          -0.39          Missed
 Mar. 31 2024      -0.32          -0.24          Beat
 Dec. 31 2023      -0.35          -0.28          Beat
 Sep. 30 2023      -0.47          -0.38          Beat