NexTier Oilfield Q2 EPS $0.68 Beats $0.63 Estimate, Sales $945.10M Miss $954.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
NexTier Oilfield (NYSE:NEX) reported Q2 earnings of $0.68 per share, beating the analyst consensus estimate of $0.63 by 7.94%. This is a 74.36% increase from the same period last year. However, the company's quarterly sales of $945.10 million missed the analyst consensus estimate of $954.74 million by 1.01%, though it's a 12.12% increase from last year.
July 25, 2023 | 8:10 pm
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NEUTRAL IMPACT
NexTier Oilfield's Q2 earnings beat estimates, but sales missed the consensus. This mixed result may lead to uncertain short-term price movements.
NexTier Oilfield's Q2 earnings exceeded expectations, which is generally positive for the stock price. However, the company's sales missed the consensus, which could negatively impact the stock. These mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100