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

Key Financial Results

• Revenue: US$29.7m (up 17% from 2Q 2023).

• Net loss: US$3.10m (loss narrowed by 90% from 2Q 2023).

• US$1.22 loss per share (improved from US$13.02 loss in 2Q 2023).

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 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for NCS Multistage Holdings you should be aware of, and 1 of them is concerning.

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