Natural Gas Services (NGS) Q2 Earnings and Revenues Top Estimates

Core Insights - Natural Gas Services (NGS) reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and up from $0.34 per share a year ago [1] - The earnings surprise for the quarter was +28.13%, following a previous surprise of +40.74% [2] - The company achieved revenues of $41.38 million for the quarter, surpassing the Zacks Consensus Estimate by 0.42% and increasing from $38.49 million year-over-year [3] Earnings Performance - NGS has surpassed consensus EPS estimates in all four of the last quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.33, with expected revenues of $43.1 million, and for the current fiscal year, the estimate is $1.40 on revenues of $171.47 million [8] Market Position - NGS shares have underperformed the market, losing about 7.5% since the beginning of the year, while the S&P 500 has gained 8.6% [4] - The Zacks Industry Rank for Oil and Gas - Mechanical and Equipment is in the bottom 39% of over 250 Zacks industries, indicating potential challenges for the sector [9] Future Outlook - The earnings outlook and estimate revisions will be crucial for NGS's stock performance in the near future [5] - The current Zacks Rank for NGS is 3 (Hold), suggesting that the shares are expected to perform in line with the market [7]