Nine Energy Service Inc reports results for the quarter ended March 31 - Earnings Summary

• Nine Energy Service Inc NINE.N reported a quarterly adjusted loss of 18 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -24 cents. The lone analyst forecast for the quarter was for a loss of 15 cents per share.

• Revenue rose 5.9% to $150.47 million from a year ago; analysts expected $149.20 million.

• Nine Energy Service Inc's reported EPS for the quarter was a loss of 18 cents​.

• The company reported a quarterly loss of $7.06 million.

• Nine Energy Service Inc shares had fallen by 45.7% this quarter and lost 45.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 37.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "sell"

• Wall Street's median 12-month price target for Nine Energy Service Inc is $1.00

This summary was machine generated from LSEG data May 8 at 01:31 p.m. UTC. ​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)