Nine Energy Service Q3 2024 GAAP EPS $(0.26) Beats $(0.30) Estimate, Sales $138.157M Beat $134.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nine Energy Service reported Q3 2024 GAAP EPS of $(0.26), beating the estimate of $(0.30). Sales were $138.157M, surpassing the $134.600M estimate, despite a 1.75% decrease from last year's $140.617M.
October 31, 2024 | 9:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nine Energy Service's Q3 2024 results exceeded expectations with an EPS of $(0.26) against the $(0.30) estimate and sales of $138.157M, beating the $134.600M estimate. However, sales decreased by 1.75% compared to the same period last year.
The company's earnings per share and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. Despite a slight year-over-year sales decline, the market often reacts favorably to earnings beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100