NCS Multistage Holdings First Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: US$43.9m (flat on 1Q 2023).
• Net income: US$2.07m (up from US$15.0m loss in 1Q 2023).
• Profit margin: 4.7% (up from net loss in 1Q 2023).
• EPS: US$0.82 (up from US$6.11 loss in 1Q 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 11%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 8.8% 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 shouldn't be ignored!) you should know about.

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