Natural Gas Services Gr Q2 2024 GAAP EPS $0.34 Beats $0.29 Estimate, Sales $38.49M Beat $36.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Natural Gas Services Group (NYSE:NGS) reported Q2 2024 GAAP EPS of $0.34, beating the estimate of $0.29. Sales were $38.49M, surpassing the $36.70M estimate and marking a 42.79% increase from the same period last year.
August 14, 2024 | 8:35 pm
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Natural Gas Services Group (NYSE:NGS) reported strong Q2 2024 earnings, with EPS of $0.34 beating estimates by 17.24% and sales of $38.49M exceeding expectations by 4.88%. Sales increased by 42.79% YoY.
The strong earnings report, with both EPS and sales beating estimates, is likely to positively impact NGS's stock price in the short term. The significant YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100