Can NCSM sustain its EPS growth into Q1 2025?

**NCSM's ability to sustain EPS growth into Q1 2025 is uncertain** based on the following points: 1. **Recent Performance**: NCSM has shown strong earnings performance, with an EPS of $1.32 for Q4 2024, surpassing the forecast of $0.73. This was accompanied by a 20% increase in quarterly revenue, reaching $45 million. 2. **Growth Prospects**: The company projects revenue between $165 million and $175 million for 2025, with adjusted EBITDA expected to range from $20 million to $23 million. This suggests a potential slowdown in growth from the high point of 2024. 3. **Market Conditions**: The oil and gas field services sector is subject to volatile market conditions and customer activity. NCSM anticipates flat to down customer activity in the United States for 2025, which could affect overall revenue growth. 4. **International Expansion**: NCSM has seen success in international markets, with international revenue doubling from 5% to 10% of total revenue in 2024. However, there is no guarantee that this trend will continue or that international markets will be sufficient to sustain growth in the face of potential domestic slowdown. 5. **Financial Metrics**: While NCSM has improved its financial metrics, such as adjusted gross margin and adjusted EBITDA, there are no EPS growth rate data available for Q1 2025. Without this information, it is difficult to assess the company's ability to sustain EPS growth. In conclusion, while NCSM has demonstrated strong earnings performance and growth potential, particularly in international markets, the sustainability of this growth into Q1 2025 is uncertain due to potential market volatility, domestic customer activity projections, and the lack of available EPS growth rate data for the upcoming quarter.