Nine Energy Service Inc expected to post a loss of 30 cents a share - Earnings Preview

Reuters10-30

* Nine Energy Service Inc is expected to show a fall in quarterly revenue when it reports results on October 31 for the period ending September 30 2024

* The Houston Texas-based company is expected to report a 4.3% decrease in revenue to $134.6 million from $140.62 million a year ago, according to the estimate from one analyst, based on LSEG data.The company's guidance on August 6 2024, for the period ended September 30, was for revenue between $127.00 million and $137.00 million.

* LSEG's mean analyst estimate for Nine Energy Service Inc is for a loss of 30 cents per share.

* The one available analyst rating on the shares is "sell".

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Nine Energy Service Inc is 1.00, above its last closing price of $0.85.

The company's guidance on August 6 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of of USD11.595 million. This summary was machine generated October 29 at 21:03 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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