NCS Multistage reports Q4 EPS $2.27 vs. 36c last year
Q4 Financial Performance: NCS Multistage Holdings reported Q4 revenue of $45M, exceeding the consensus estimate of $40.6M, with adjusted EBITDA rising to $8.2M from $2.5M in the previous year, and an adjusted net income of $6M compared to a loss of $(0.9M) in 2023.
Operational Insights: The increase in revenue was driven by higher-margin international projects and increased royalty income, despite higher SG&A expenses, resulting in an adjusted EBITDA margin of 18% for the quarter, up from 7% a year ago.
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Best Oil and Energy Stocks to Invest In Now: CRC, NCSM, TDW
Surge in Oil Prices: Oil and energy stocks are rising as crude prices exceed $60 a barrel, driven by supply constraints, geopolitical tensions, and recovering demand post-pandemic, with OPEC+ limiting supply growth.
Strong Performers: California Resources, NCS Multistage, and Tidewater are highlighted as top oil and energy stocks, showing significant earnings growth and positive revisions in earnings estimates, indicating potential for further upside.
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Highlighted Stocks: Four companies—Century Aluminum Co., Daktronics, Great Lakes Dredge & Dock Corp., and NCS Multistage Holdings—are recommended for investment due to their rising cash flows and positive earnings estimates.
