NGS Earnings Prediction
The chart below shows how NGS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NGS sees a -4.03% change in stock price 10 days leading up to the earnings, and a +7.95% change 10 days following the report. On the earnings day itself, the stock moves by +2.65%. This data can give you a slight idea of what to expect for the next quarter's release.
NGS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
40.69M
29.70%
5.70%
Gross Margin
36.39%
47.33%
5.33%
Operating Margin
23.58%
50.86%
6.31%
Net Margin
12.32%
78.03%
11.59%
EPS
0.40
122.22%
17.65%
No Data Available
NGS Earnings Analysis
Natural Gas Services Group, Inc. Corporation (NGS.N) Earnings Conference Call
Positive
Quarterly Revenue Increase: Total revenue for the quarter was up sequentially by 5.7%, to $40.7 million and rental revenue was up 7%, to $37.4 million.
Gross Margin Improvement: Our total adjusted gross margin increased by $1.9 million, sequentially driven by a $2.2 million increase in rental adjusted gross margin, which came in at a gross margin percentage of 61.3% for the quarter.
Quarterly Net Income: Net income for the quarter was $5 million or $0.40 per share.
EBITDA Growth Increase: Our third quarter adjusted EBITDA was $18.2 million, which was a $1.7 million or 11% increase sequentially.
Rented Units Comparison: At the end of Q3 2024, we had 1,229 rented units, compared to 1,242 rented units as of June 30, 2024.
Negative
Quarterly Revenue Performance: Total revenue for the quarter was up sequentially by 5.7%, to $40.7 million, but rental revenue was only up 7%, indicating slower growth than expected.
Rental Gross Margin Analysis: Adjusted rental gross margin percentage was 61.3%, compared to 59.3% last quarter and 51.4% in Q3 of last year, suggesting a decline in profitability despite higher revenues.
Quarterly Net Income Decline: Net income for the quarter was $5 million or $0.40 per share, which is lower than previous quarters, indicating a decrease in profitability.
Decline in Rented Units: Rented units represented 475,534 horse power, compared to 454,568 horse power as of June 30, 2024, showing a decline in unit growth year-over-year.
Accounts Receivable Decline: Accounts receivable balance as of September 30 was $24.8 million, a $17.5 million decrease from the previous high balance at the end of Q1, indicating potential cash flow issues.
NGS FAQs
How does NGS typically perform around its earnings report dates?
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NGS Earning Call Sentiment
Natural Gas Services Group, Inc. (NGS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NGS.N
2.03%Positive
The earnings call summary indicates strong financial performance with increased EBITDA guidance, improved margins, and strategic focus on high-demand units. The Q&A section supports this with confidence in margin sustainability and strong demand from large customers. Despite some vague responses on incremental costs, the overall sentiment remains positive with a focus on growth and efficiency improvements. The increased CapEx and focus on electricity also suggest strategic positioning for future growth. Thus, the stock price is likely to see a positive movement in the short term.
