Boenning & Scattergood Upgrades Nuverra Environmental Solutions (NES) to Outperform

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Go back to Boenning & Scattergood Upgrades Nuverra Environmental Solutions (NES) to Outperform

Nuverra Environmental Solution (NES) Misses Q1 EPS by 3c, Comments on Outlook

May 8, 2014 4:47 PM EDT

Nuverra Environmental Solution (NYSE: NES) reported Q1 EPS of ($0.48), $0.03 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $128 million versus the consensus estimate of $116.93 million.

Business Outlook

Mr. Johnsrud provided commentary on the Companys business outlook for 2014:

Reiterating what we said last quarter, Nuverras growth strategy in 2014 is comprised of three key objectives: 1) increasing market share in existing basins by taking business from competitors; 2) growing... More