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

分组1 - Nine Energy Service reported a quarterly loss of $0.26 per share, better than the Zacks Consensus Estimate of a loss of $0.30, and improved from a loss of $0.39 per share a year ago, resulting in an earnings surprise of 13.33% [1] - The company posted revenues of $138.16 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.72%, although this represents a decline from year-ago revenues of $140.62 million [2] - Nine Energy shares have declined approximately 62.9% year-to-date, contrasting with the S&P 500's gain of 21.9% [3] 分组2 - The earnings outlook for Nine Energy is currently favorable, with a Zacks Rank of 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.30 on revenues of $133.9 million, and for the current fiscal year, it is -$1.23 on revenues of $541.6 million [7] - The Oil and Gas - Field Services industry is ranked in the bottom 41% of Zacks industries, suggesting that the industry's outlook can significantly impact stock performance [8]