NexTier Oilfield Solutions (NEX) Misses Q3 EPS by 11c

NexTier Oilfield Solutions (NYSE: NEX) reported Q3 EPS of ($0.48), $0.11 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $163.7 million versus the consensus estimate of $169.88 million.

Outlook

For the fourth quarter of 2020, NexTier currently expects a sequential increase in revenue of between 10% and 15% and positive Adjusted EBITDA. The Company's outlook for the fourth quarter of 2020 is based on current visibility and assuming no improvement in pricing.

For earnings history and earnings-related data on NexTier Oilfield Solutions (NEX) click here.

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