NCS Multistage Holdings Q3 2023 Adj EPS $1.91 Misses $2.59 Estimate, Sales $38.28M Miss $51.10M Estimate
Portfolio Pulse from totan@benzinga.com
NCS Multistage Holdings (NASDAQ:NCSM) reported Q3 2023 earnings of $1.91 per share, missing the analyst consensus estimate of $2.59 by 26.25%. The company also reported quarterly sales of $38.28 million, missing the analyst consensus estimate of $51.10 million by 25.09%. This represents a 35.46% increase in earnings but a 21.67% decrease in sales compared to the same period last year.
October 30, 2023 | 8:36 pm
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NCS Multistage Holdings reported lower than expected earnings and sales for Q3 2023. This could negatively impact the company's stock in the short term.
NCS Multistage Holdings reported lower than expected earnings and sales for Q3 2023. This underperformance could lead to a decrease in investor confidence, potentially leading to a drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100