NCS Multistage Holdings Inc (NASDAQ:NCSM) Expected to Announce Earnings of -$0.04 Per Share

Wall Street brokerages forecast that NCS Multistage Holdings Inc (NASDAQ:NCSM) will post earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks. Two analysts have provided estimates for NCS Multistage’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.02). NCS Multistage posted earnings of ($0.06) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings results on Thursday, March 5th.

On average, analysts expect that NCS Multistage will report full-year earnings of ($0.68) per share for the current year. For the next financial year, analysts expect that the business will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.20) to $0.02. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for NCS Multistage.

NCS Multistage (NASDAQ:NCSM) last released its quarterly earnings results on Tuesday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $60.77 million for the quarter, compared to analysts’ expectations of $59.77 million. NCS Multistage had a negative return on equity of 7.84% and a negative net margin of 115.05%.

A number of brokerages have recently issued reports on NCSM. ValuEngine lowered shares of NCS Multistage from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Zacks Investment Research raised shares of NCS Multistage from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.64.

In other NCS Multistage news, President Marty Stromquist bought 39,912 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $2.25 per share, for a total transaction of $89,802.00. Insiders have bought 56,731 shares of company stock valued at $128,153 in the last quarter. Insiders own 11.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NCSM. Outlook Wealth Advisors LLC acquired a new stake in shares of NCS Multistage in the 2nd quarter worth $37,000. Susquehanna International Group LLP purchased a new position in NCS Multistage during the second quarter worth about $60,000. Charles Schwab Investment Management Inc. raised its holdings in NCS Multistage by 10.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 82,764 shares of the company’s stock worth $294,000 after purchasing an additional 7,677 shares in the last quarter. Bank of New York Mellon Corp lifted its position in NCS Multistage by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 93,356 shares of the company’s stock valued at $331,000 after purchasing an additional 13,296 shares during the period. Finally, Gagnon Securities LLC lifted its position in NCS Multistage by 39.2% in the second quarter. Gagnon Securities LLC now owns 97,657 shares of the company’s stock valued at $347,000 after purchasing an additional 27,524 shares during the period. Institutional investors own 87.97% of the company’s stock.

Shares of NASDAQ NCSM opened at $2.23 on Thursday. NCS Multistage has a twelve month low of $1.56 and a twelve month high of $7.45. The stock has a 50 day moving average of $2.21 and a two-hundred day moving average of $2.51. The company has a current ratio of 3.87, a quick ratio of 2.45 and a debt-to-equity ratio of 0.09.

About NCS Multistage

NCS Multistage Holdings, Inc provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States, Canada, and internationally. The company's products include casing-installed sliding sleeves, downhole frac isolation assemblies, sand jet perforating products, spotfrac systems, ballshift sliding sleeves, airlock casing buoyancy systems, liner hanger systems, and spectrum tracer services.

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Earnings History and Estimates for NCS Multistage (NASDAQ:NCSM)

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