Natural Gas Services Gr Q1 2024 GAAP EPS $0.41 Beats $0.21 Estimate, Sales $36.907M Beat $34.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Natural Gas Services Group (NYSE:NGS) reported Q1 2024 GAAP EPS of $0.41, significantly beating the $0.21 estimate. Sales were $36.907M, surpassing the $34.950M estimate. This marks a 1266.67% increase in EPS and a 38.64% increase in sales compared to the same period last year.
May 15, 2024 | 8:51 pm
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Natural Gas Services Group (NYSE:NGS) reported Q1 2024 GAAP EPS of $0.41, beating the $0.21 estimate by 95.24%. Sales were $36.907M, surpassing the $34.950M estimate. EPS increased by 1266.67% and sales by 38.64% YoY.
The significant beat on both EPS and sales estimates, along with substantial year-over-year growth, is likely to positively impact NGS's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100