National Energy Services Reunit (NESR) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.38
- Estimate
- $0.36
- Surprise
- +6.8%
- Revenue (period 2026-09-30)
- $504.7M
- Score today
- 6.7/10
Revenue source: xbrl.
How the report landed
National Energy Services Reunit (NESR) beat the $0.36 estimate with adjusted EPS of $0.38 — a clear 6.8% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NESR Hold at 6.7/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +6.8% surprise compares with a +20.5% four-quarter average.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (4/4)
What argues against it
- Commodity cycle peak: fwd P/E 7.9× (below 12) + fwd/trail 0.37× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.5)
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $19.55
- Price target
- $34.80
- Stop
- $18.19
- Upside to target
- +78.0%
- Reward-to-risk
- 5.2:1
The stock trades at 21.2× trailing but 7.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-10 — shown for context, not personalized investment advice.
NESR at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $1.97B
- P/E (fwd)
- 7.9
- P/E (ttm)
- 21.2
- 52-week range
- $12.21–$36.94
- Off 52-week high
- 47.1%
- RSI (14)
- 39
- Volume vs avg
- 0.18×
- Score today
- 6.7/10