Nine Energy Service (NINE) Reports Q3 Loss, Tops Revenue Estimates

Zacks11-01

Nine Energy Service (NINE) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.39 per share a year ago. These figures ...

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These figures ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nine-energy-nine-reports-q3-221002346.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nine Energy Service (NINE) Reports Q3 Loss, Tops Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNine Energy Service (NINE) Reports Q3 Loss, Tops Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 06:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nine-energy-nine-reports-q3-221002346.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nine Energy Service (NINE) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.39 per share a year ago. These figures ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nine-energy-nine-reports-q3-221002346.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NINE","symbol_name":"Nine Energy Service Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/nine-energy-nine-reports-q3-221002346.html","article_id":"2480092692","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/t6.OdXEVKQihFo9otNenfg--~B/aD01NjU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4f1a8d86cead9f96536efb147945dcc9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480092692","pubTimestamp":1730412602,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Nine Energy Service  came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.33%. A quarter ago, it was expected that this oilfield services company would post a loss of $0.37 per share when it actually produced a loss of $0.40, delivering a surprise of -8.11%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Nine Energy , which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $138.16 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.72%. This compares to year-ago revenues of $140.62 million. The company has topped consensus revenue estimates three times over the last four quarters.Investors should be mindful of the fact that the outlook for the industry can have a ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NINE":"Nine Energy Service Inc.","NR":"新园能源"},"translate_title":"九能源服务(NINE)报告第三季度亏损，收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NINE":1,"NR":0.9},"content_text":"Nine Energy Service (NINE) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items.\nThis quarterly report represents an earnings surprise of 13.33%. A quarter ago, it was expected that this oilfield services company would post a loss of $0.37 per share when it actually produced a loss of $0.40, delivering a surprise of -8.11%.\nOver the last four quarters, the company has surpassed consensus EPS estimates three times.\nNine Energy , which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $138.16 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.72%. This compares to year-ago revenues of $140.62 million. The company has topped consensus revenue estimates three times over the last four quarters.\nThe sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.\nNine Energy shares have lost about 62.9% since the beginning of the year versus the S&P 500's gain of 21.9%.\nWhat's Next for Nine Energy?\nWhile Nine Energy has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?\nThere are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.\nEmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.\nAhead of this earnings release, the estimate revisions trend for Nine Energy: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nIt will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.30 on $133.9 million in revenues for the coming quarter and -$1.23 on $541.6 million in revenues for the current fiscal year.\nInvestors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nAnother stock from the same industry, Newpark Resources (NR), has yet to report results for the quarter ended September 2024. The results are expected to be released on November 7.\nThis oil and gas industry supplier is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.\nNewpark Resources' revenues are expected to be $53.79 million, down 72.9% from the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNine Energy Service, Inc. (NINE) : Free Stock Analysis Report\nNewpark Resources, Inc. (NR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480092692"}