Nine Energy Service Q2 EPS $(0.08) Misses $(0.04) Estimate, Sales $161.43M Miss $161.90M Estimate
Portfolio Pulse from vinayak@benzinga.com
Nine Energy Service (NYSE:NINE) reported Q2 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.04) by 100%. This is a 700% decrease from the same period last year. The company also reported quarterly sales of $161.43M, missing the analyst consensus estimate of $161.90M by 0.29%. However, this is a 13.41% increase from the same period last year.
August 04, 2023 | 2:36 pm
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NEGATIVE IMPACT
Nine Energy Service reported a larger than expected loss for Q2 and slightly missed sales estimates. However, sales have increased compared to the same period last year.
Nine Energy Service reported a larger than expected loss for Q2, which is likely to negatively impact investor sentiment and potentially the stock price. The slight miss in sales estimates could also contribute to a negative short-term impact. However, the year-on-year sales growth could provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100