Natural Gas Services Q2 EPS $0.04 Beats $(0.02) Estimate, Sales $26.96M Beat $24.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Natural Gas Services (NYSE:NGS) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $(0.02) by 300 percent. This is a 500 percent increase over losses of $(0.01) per share from the same period last year. The company also reported quarterly sales of $26.96 million, beating the analyst consensus estimate of $24.80 million by 8.70 percent, a 35.29 percent increase over sales of $19.93 million the same period last year.
August 14, 2023 | 8:14 pm
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POSITIVE IMPACT
Natural Gas Services reported strong Q2 earnings and sales, significantly beating analyst estimates. This positive financial performance could lead to a short-term increase in the company's stock price.
Natural Gas Services reported Q2 earnings of $0.04 per share, a 500% increase YoY, and sales of $26.96 million, a 35.29% increase YoY, both beating analyst estimates. This strong financial performance indicates a healthy financial state for the company, which could lead to increased investor confidence and a potential short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100