Helmerich and Payne Inc reports results for the quarter ended in December - Earnings Summary

Helmerich & Payne

29/01/2024 23:27

* Helmerich and Payne Inc  HP.N  reported quarterly adjusted
earnings of 97 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.11.  The mean expectation of
eighteen analysts for the quarter was for earnings of 72 cents
per share. Wall Street expected results to range from 56 cents
to 81 cents per share.
    * Revenue fell 5.9% to $677.15 million from a year ago;
analysts
expected $661.27 million. 
    * Helmerich and Payne Inc's reported EPS for the quarter was
94
cents​.
    * The company reported quarterly net income of $95.17
million.
    * Helmerich and Payne Inc shares had fallen by 0.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
drilling
peer group is also "hold"

Wall Street's median 12-month price target for Helmerich and
Payne Inc is $44.00 
This summary was machine generated from LSEG data January 29 at
11:26 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.72           0.97           Beat
 Sep. 30 2023      0.76           0.69           Missed
 Jun. 30 2023      0.91           1.09           Beat
 Mar. 31 2023      1.05           1.26           Beat