NCS Multistage Expects Q2 Revenues To Improve Sequentially In US And International Operations, But Decline For Canadian Operations
Portfolio Pulse from Benzinga Newsdesk
NCS Multistage anticipates an improvement in Q2 revenues for its US and international operations, while expecting a decline in Canadian operations. The company remains optimistic about outperforming industry changes and increasing revenue and Adjusted EBITDA in 2024 compared to 2023.
May 01, 2024 | 9:40 pm
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NCS Multistage expects Q2 revenue growth in US and international operations but a decline in Canada, with an optimistic financial outlook for 2024.
The positive outlook for revenue growth in US and international operations, coupled with the company's confidence in outperforming industry changes, suggests a potential positive impact on NCSM's stock price in the short term. The decline in Canadian operations may be seen as a minor setback against the overall positive forecast for 2024.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100