Nine Energy Service Q3 2023 Gaap EPS $(0.39) Beats $(0.47) Estimate, Sales $140.62M Miss $146.10M Estimate
Portfolio Pulse from saritha@benzinga.com
Nine Energy Service reported Q3 2023 GAAP EPS of $(0.39), beating the estimate of $(0.47) by 17.02%. However, the company's sales of $140.62M missed the estimate of $146.10M by 3.75%. This represents a 200% decrease in earnings and a 16.02% decrease in sales compared to the same period last year.
November 06, 2023 | 10:17 pm
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NEUTRAL IMPACT
Nine Energy Service's Q3 2023 results show a mixed performance with earnings beating estimates but sales missing. This could lead to mixed investor sentiment.
Nine Energy Service's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which is a negative signal. Additionally, both earnings and sales have decreased significantly compared to the same period last year. This mixed performance could lead to mixed investor sentiment, potentially causing the stock price to remain relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100