Nine Energy Service: Q3 Earnings Insights

Nine Energy Service: Q3 Earnings Insights

Nine Energy Service NINE reported its Q3 earnings results on Monday, November 7, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Nine Energy Service beat estimated earnings by 1850.0%, reporting an EPS of $0.39 versus an estimate of $0.02.

Revenue was up $74.56 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 6.59% drop in the share price the next day.

Here's a look at Nine Energy Service's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.02 -0.38 -0.55 -0.42
EPS Actual -0.01 -0.22 -0.52 -0.51
Revenue Estimate 139.10M 114.90M 95.80M 98.60M
Revenue Actual 142.35M 116.94M 105.09M 92.87M

To track all earnings releases for Nine Energy Service visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings