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

Nine Energy Service

07/05/2024 14:32

* Nine Energy Service Inc  NINE.N  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 3 cents.  The lone analyst forecast for the quarter was
for a loss of 32 cents per share. 
    * Revenue fell 13% to $142.12 million from a year ago;
analysts
expected $141.90 million. 
    * The company reported a quarterly loss of $8.06 million.
    * Nine Energy Service Inc shares had fallen by 0.9% this
quarter and lost 17.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Nine Energy
Service Inc is $4.50 

This summary was machine generated from LSEG data May 7 at 01:31
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
 Mar. 31 2024      -0.32          -0.24          Beat
 Dec. 31 2023      -0.35          -0.28          Beat
 Sep. 30 2023      -0.47          -0.38          Beat
 Jun. 30 2023      -0.04          -0.06          Missed