
Natural Gas Services Group, Inc. (NGS) announced its fourth-quarter earnings and revenue on April 1. It comfortably surpassed the consensus earnings and revenue estimates. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock now.
During the fourth quarter, NGS demonstrated strong financial performance. Its EPS was 116.7% above the consensus estimate, and its revenue beat analyst estimates by 19.5%. Similarly, its fiscal 2023 EPS and revenue surpassed Wall Street’s estimates by 22.6% and 5.2%, respectively. The company reported record revenue and EBITDA in 2023.