National Energy Services Reunited Corp. (NASDAQ:NESR) is reporting second quarter financial results on Tuesday 4th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, NESR is expected to report 2Q20 income of $ 0.10 per share from revenue of $ 192.06 million.
For the full year, analysts anticipate top line of $ 774.43 million, while looking forward to income of $ 0.40 per share bottom line.
Previous Quarter Performance
National Energy Services Reunited Corp. outlined income for the first quarter of $ 0.15 per share, from the revenue of $ 199.30 million. The quarterly earnings reduced 11.76 percent while revenues improved 31.38 percent compared with the same quarter last year. The consensus estimates are $ 183.64 million in revenue The top line results outshined analysts by $ 15.66 million or 8.53 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NESR was $ 6.97, representing a 72.52 % increase from the 52 week low of $ 4.04 and a 26.86 % decrease over the 52 week high of $ 9.53.
The company has a market capital of $ 609.84 million and is part of the Industrials sector and Conglomerates industry.
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Conference Call
National Energy Services Reunited Corp. will be hosting a conference call at 8:30 AM eastern time on 4th August 2020, to discuss its 2Q20 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.
