Natural Gas Services Gr: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Natural Gas Services Gr (NYSE:NGS) reported Q4 earnings with an EPS of $0.14, surpassing the estimate of $0.06 by 133.0%. Revenue increased by $13.70 million from the same period last year. The company had previously beaten EPS estimates last quarter, leading to a 13.0% share price increase the following day. This performance continues a trend of exceeding EPS and revenue estimates over the past year.
April 01, 2024 | 9:00 pm
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Natural Gas Services Gr reported a significant beat on Q4 earnings and revenue, continuing a trend of positive performance.
Given NGS's history of beating earnings estimates and the subsequent positive impact on its stock price, the Q4 earnings beat is likely to result in a short-term positive impact on the stock. The company's consistent performance in exceeding EPS and revenue expectations suggests a strong operational footing, which is typically rewarded by the market.
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IMPORTANCE 90
RELEVANCE 100