Nine Energy Service, Inc. (NINE) last week announced schedule of its third quarter 2020 earnings conference call set for Thursday, November 5, 2020 at 9:00 am Central Time.
The company is anticipating discussing its financial and operating results for the quarter ended September 30, 2020, which are expected to be released before the scheduled conference call.
The company had reported a quarterly loss of $1.13 per share versus the Consensus Estimate of a loss of $0.88 in its last quarterly report released in August. The company’s after adjustments per share earnings in the year-ago quarter was $0.30.
The earnings surprise by the oilfield services company for that quarter was -28.41% which was -24.39% reported by the company a quarter ago. The company was expected to be making a per-share loss of $0.41 but it actually made a loss of $0.51 in that quarter. The company came surpassing EPS estimates in only one out four last quarters.
For the quarter ended June 2020, the company posted revenues of $52.74 million compares to revenues of $237.52 million a year ago. That also missed the consensus estimates by 14.89%. In the criteria of revenues too, the company surpassed the consensus estimates just for a single time over last four quarters.
Shares of Nine Energy have lost 83.50% since start of this year while S&P 500 gained 3% during the same period. The loss is 75.19% over the last 52-week. However on weekly basis, company’s shares have demonstrated a gain of 11.21% which is 16.22% over the month. Shares’ performance over the past three months is a loss of -35.18% whereas that for the last six month is buoying at a gain of 52.46%
The consensus EPS estimate for the current quarter is -$0.80 with company estimated to be generating revenues of $58.15 million.