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

Key Financial Results

• Revenue: US$44.0m (up 15% from 3Q 2023).

• Net income: US$4.15m (down 5.9% from 3Q 2023).

• Profit margin: 9.4% (down from 12% in 3Q 2023).

• EPS: US$1.63 (down from US$1.78 in 3Q 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 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for NCS Multistage Holdings (of which 1 is concerning!) you should know about.

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