NCS Multistage Holdings Third Quarter 2024 Earnings: Beats Expectations

NCS Multistage Holdings, Inc. -2.72%

NCS Multistage Holdings, Inc.

NCSM

25.00

-2.72%

NCS Multistage Holdings (NASDAQ:NCSM) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$44.0m (up 15% from 3Q 2023).
  • Net income: US$4.15m (down 5.9% from 3Q 2023).
  • Profit margin: 9.4% (down from 12% in 3Q 2023).
  • EPS: US$1.63 (down from US$1.78 in 3Q 2023).
earnings-and-revenue-history
NasdaqCM:NCSM Earnings and Revenue History November 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

NCS Multistage Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Energy Services industry in the US.

The company's shares are up 3.1% from a week ago.

Risk Analysis

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