Newpark Resources Full Year 2023 Earnings: EPS Misses Expectations
Newpark Resources (NYSE:NR) Full Year 2023 Results
Key Financial Results
Revenue: US$749.6m (down 8.1% from FY 2022).
Net income: US$14.5m (up from US$20.8m loss in FY 2022).
Profit margin: 1.9% (up from net loss in FY 2022).
EPS: US$0.17 (up from US$0.23 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newpark Resources EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.6% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's shares are down 3.6% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Newpark Resources, and understanding this should be part of your investment process.
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