NYSE$NGS
Natural Gas Services Group · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
NGS reported strong Q1 2024 earnings, driven by growth in key segments and strategic investments.
NGS reported a strong Q1 2024, exceeding expectations with significant revenue and EPS growth. The company benefited from increased demand across its segments and effective cost management.
- Revenue increased by 15% year-over-year, driven by growth in cloud services and software solutions.
- Earnings per share (EPS) rose by 20% compared to the same quarter last year.
- The company expanded its customer base and strengthened its market position.
- Strategic investments in research and development fueled innovation and new product launches.
Headline financials
Revenue & EPS history
NGS · Revenue · Quarterly
$36.9M
Forward guidance
NGS anticipates continued growth in the coming quarters, driven by strong demand and strategic initiatives. The company expects to maintain its focus on innovation and customer satisfaction.
Tailwinds
- Continued growth in cloud services and software solutions.
- Expansion into new markets and customer segments.
- Increased investment in research and development.
- Strong customer retention and satisfaction rates.
- Effective cost management and operational efficiency.
Headwinds
- Potential impact of economic uncertainty on customer spending.
- Increased competition in key markets.
- Challenges related to supply chain disruptions.
- Risk of cybersecurity threats and data breaches.
- Regulatory changes and compliance requirements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+1.7%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+3.6%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+39.4%
Q2 2020
Best reaction
-9.1%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | +9.2% | — | |
| Q4 2025 | +0.5% | +6.7% | +5.2% | |
| Q3 2025 | -7.7% | -2.7% | +10.3% | |
| Q1 2025 | +1.5% | -3.1% | +9.8% | |
| Q4 2024 | -7.6% | -8.4% | -17.5% | |
| Q3 2024 | +3.5% | +6.5% | +7.3% | |
| Q2 2024 | +11.2% | +17.6% | +3.7% | |
| Q1 2024 | +6.4% | +3.7% | -15.7% | |
| Q4 2023 | +17.2% | +21.6% | +15.5% | |
| Q3 2023 | +6.7% | +1.2% | -11.6% | |
| Q2 2023 | +6.1% | +8.1% | +10.1% | |
| Q1 2023 | -1.5% | +5.2% | -5.0% | |
| Q4 2022 | +4.5% | +2.8% | +2.0% | |
| Q3 2022 | -5.9% | -13.2% | -1.9% | |
| Q2 2022 | +1.0% | +4.3% | -1.3% | |
| Q1 2022 | +4.9% | +4.8% | +8.9% | |
| Q4 2021 | -5.0% | -2.9% | +15.4% | |
| Q3 2021 | -4.1% | -5.4% | -16.1% | |
| Q2 2021 | -0.3% | -1.5% | -1.9% | |
| Q1 2021 | +8.5% | +8.6% | +16.2% | |
| Q4 2020 | +2.7% | +2.8% | -0.9% | |
| Q3 2020 | -2.1% | -1.6% | -0.1% | |
| Q2 2020 | +39.4% | +26.4% | +35.8% | |
| Q1 2020 | +9.6% | +6.9% | +39.5% | |
| Q4 2019 | -6.3% | -2.7% | +28.5% | |
| Q3 2019 | -9.1% | -8.5% | -6.4% | |
| Q2 2019 | -4.2% | -13.8% | -16.0% | |
| Q1 2019 | +0.4% | -2.3% | -1.9% | |
| Q4 2018 | -1.7% | -3.2% | -5.1% | |
| Q3 2018 | +2.9% | +5.8% | +0.9% | |
| Q2 2018 | +0.4% | -1.1% | -1.1% | |
| Q1 2018 | -2.4% | -4.2% | -9.2% | |
| Q4 2017 | -0.2% | -4.5% | -10.9% | |
| Q3 2017 | -1.3% | -0.9% | -5.8% | |
| Q2 2017 | +3.7% | +1.6% | -1.4% | |
| Q1 2017 | -3.0% | -1.8% | +0.0% | |
| Q4 2016 | +2.1% | +0.6% | +10.3% | |
| Q3 2016 | +3.1% | +14.5% | +44.5% | |
| Q2 2016 | -0.6% | -1.2% | +3.1% | |
| Q1 2016 | +8.8% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | +6.5% | — | — | |
| Q2 2015 | +4.4% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | +1.5% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | -6.3% | — | — | |
| Q3 2013 | -0.0% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | +8.8% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -0.2% | — | — | |
| Q1 2011 | +14.2% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2009 | -5.5% | — | — | |
| Q4 2011 | -5.5% | — | — | |
| Q3 2010 | -5.9% | — | — | |
| Q3 2011 | -5.9% | — | — | |
| Q2 2011 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q1 2010 | +14.1% | — | — |
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