Natural Gas Services Gr: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Natural Gas Services Gr (NYSE:NGS) reported Q3 earnings with an EPS of $0.18, surpassing the estimate of $0.07 by 157.14%. Revenue increased by $10.63 million compared to the same period last year. The company had previously beaten EPS estimates in Q2 2023, which led to a 3.96% rise in share price the following day.
November 14, 2023 | 9:55 pm
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Natural Gas Services Gr reported strong Q3 earnings, with an EPS of $0.18, significantly exceeding the estimate of $0.07. Revenue also saw a notable increase from the previous year.
The substantial earnings beat and increased revenue suggest a positive short-term impact on NGS's stock price. Historical data shows a previous earnings beat resulted in a near 4% stock increase the following day, indicating a pattern that could repeat.
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