NCS Multistage Holdings Third Quarter 2024 Earnings: Beats Expectations

In This Article:

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).

earnings-and-revenue-history
NasdaqCM:NCSM Earnings and Revenue History November 1st 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.