Yahoo Finance Nine Energy Service First Quarter 2024 Earnings: EPS Beats Expectations
Nine Energy Service (NYSE:NINE) First Quarter 2024 Results
Key Financial Results
Revenue: US$142.1m (down 13% from 1Q 2023).
Net loss: US$8.06m (loss widened by 32% from 1Q 2023).
US$0.24 loss per share (further deteriorated from US$0.19 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nine Energy Service EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's shares are down 3.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Nine Energy Service has 5 warning signs (and 1 which can't be ignored) we think you should know about.
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