Nine Energy Service (NINE) Reports Q4 Loss, Tops Revenue Estimates

Ahead of this earnings release, the estimate revisions trend for Nine Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. 

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.72 on $64 million in revenues for the coming quarter and -$2.45 on $308.36 million in revenues for the current fiscal year.

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