Helmerich and Payne Inc reports results for the quarter ended in March - Earnings Summary
25/04/2024 14:32
* Helmerich and Payne Inc HP.N reported quarterly adjusted
earnings of 84 cents per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.26. The mean expectation of eighteen analysts for the
quarter was for earnings of 85 cents per share. Wall Street
expected results to range from 61 cents to 98 cents per share.
* Revenue fell 10.6% to $687.94 million from a year ago;
analysts
expected $680.68 million.
* Helmerich and Payne Inc's reported EPS for the quarter was
84
cents.
* The company reported quarterly net income of $83.59
million.
* Helmerich and Payne Inc shares had risen by 0.9% this
quarter and gained 17.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 16.1%
in the last three months.
* In the last 30 days, two analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 12
"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 $46.00
This summary was machine generated from LSEG data April 25 at
01:32 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
Mar. 31 2024 0.85 0.84 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