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Nine Energy Service (NINE) Reports Q4 Loss, Tops Revenue Estimates
NINENine(NINE) ZACKS·2025-03-06 00:26

Group 1: Earnings Performance - Nine Energy Service reported a quarterly loss of 0.22pershare,betterthantheZacksConsensusEstimateofalossof0.22 per share, better than the Zacks Consensus Estimate of a loss of 0.24, and an improvement from a loss of 0.30pershareayearago,representinganearningssurpriseof8.330.30 per share a year ago, representing an earnings surprise of 8.33% [1] - The company posted revenues of 141.43 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.76%, although this is a decrease from year-ago revenues of 144.07million[2]−Overthelastfourquarters,NineEnergyhassurpassedconsensusEPSestimatesthreetimes[2]Group2:StockPerformanceandOutlook−NineEnergyshareshavedeclinedapproximately6.3144.07 million [2] - Over the last four quarters, Nine Energy has surpassed consensus EPS estimates three times [2] Group 2: Stock Performance and Outlook - Nine Energy shares have declined approximately 6.3% since the beginning of the year, compared to a decline of 1.8% for the S&P 500 [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -0.24 on revenues of 136million,and−136 million, and -0.75 on revenues of $563 million for the current fiscal year [7] - The Zacks Rank for Nine Energy is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Oil and Gas - Field Services industry, to which Nine Energy belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]