NINE Earnings

NINE reported its FY2024Q3 earnings on 2024-10-31, showcasing a revenue of 138.16M against an estimate of 134.60M, resulting in a 2.64% surprise. The EPS was -0.26, surpassing the expected -0.3 by 13.33%. The stock experienced a 6.25% price change on the earnings day and a 35.42% change over the next five days, reflecting market reactions to the results.

Following NINE's FY2024Q3 earnings announcement on 2024-10-31, the stock price moved by 6.25% on the day of the release. Over the subsequent five days, it saw a 35.42% change. Historically, NINE's stock price tends to shift by an average of 1.41% in the 10 days leading up to earnings and -7.45% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate NINE's annual revenue to reach 144.00M, while the EPS is projected at -0.26. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between NINE's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, NINE's stock price typically moves by 1.41% in the 10 days before its earnings and -7.45% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of -0.26 and revenue of 144.00M.

The earnings call reveals a mixed sentiment. The company faced significant Q1 challenges, including weather impacts and financial constraints, leading to weak results. However, management's optimistic guidance for Q2, driven by improved weather conditions and operational efficiencies, provides some positive outlook. The Q&A session highlights potential growth from DUC completions and refracs, but uncertainties remain around pricing strategies and cash flow normalization. Overall, the sentiment is neutral, reflecting both challenges and optimistic future prospects.