Earnings Outlook For Nine Energy Service

Nine Energy Service NINE is set to give its latest quarterly earnings report on Tuesday, 2022-03-08. Here's what investors need to know before the announcement.

Analysts estimate that Nine Energy Service will report an earnings per share (EPS) of $-0.55.

Nine Energy Service bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.09, which was followed by a 6.25% increase in the share price the next day.

Here's a look at Nine Energy Service's past performance and the resulting price change:

Stock Performance

Shares of Nine Energy Service were trading at $1.8 as of March 04. Over the last 52-week period, shares are down 31.93%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

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