National Energy Services Reunited Corp. (NASDAQ:NESR) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.10 per share.
Looking ahead, the full year income are expected at $ 0.49 per share on the revenues of $ 800.40 million.
Previous Quarter Performance
National Energy Services Reunited Corp. announced income for the second quarter of $ 0.14 per share, from the revenue of $ 203.25 million. The quarterly earnings down 26.32 percent while revenues developed 27.11 percent compared with the same quarter last year.
Wall street analysts are predicting, NESR to report 2Q20 income of $ 0.10 per share from revenue of $ 192.06 million. The bottom line results beat street analysts by $ 0.04 or 40.00 percent, at the same time, top line results outshined analysts by $ 11.19 million or 5.83 percent.
Stock Performance
Shares of National Energy Services Reunited Corp. traded up $ 0.26 or 3.33 percent on Tuesday, reaching $ 8.06 with volume of 191.30 thousand shares. National Energy Services Reunited Corp. has traded high as $ 8.16 and has cracked $ 7.66 on the downward trend
According to the previous trading day, closing price of $ 8.06, representing a 93.07 % increase from the 52 week low of $ 4.04 and a 18.15 % decrease over the 52 week high of $ 9.53.
The company has a market capital of $ 705.21 million and is part of the Industrials sector and Conglomerates industry.
Conference Call
National Energy Services Reunited Corp. will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nesr.com
National Energy Services Reunited Corp., through its subsidiaries, provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through Production Services, and Drilling and Evaluation Services segments. The Production Services segment offers coiled tubing services, such as nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; primary and remedial cementing services; stimulation and pumping services; nitrogen services; and filtration services, as well as frac tanks and pumping units.
