Nine Energy Service Full Year 2023 Earnings: EPS Beats Expectations

Nine Energy Service (NYSE:NINE) Full Year 2023 Results

Key Financial Results

• Revenue: US$609.5m (up 2.7% from FY 2022).
• Net loss: US$32.2m (down by 324% from US$14.4m profit in FY 2022).
• US$0.97 loss per share (down from US$0.47 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nine Energy Service EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 7.7% 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

Before you take the next step you should know about the 4 warning signs for Nine Energy Service (1 doesn't sit too well with us!) that we have uncovered.

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