Independence Contract Drilling Inc expected to post a loss of 48 cents a share - Earnings Preview

Independence Contract Drilling

29/04/2024 15:17

* Independence Contract Drilling Inc  ICD.N   ICD  is
expected
to show a fall in quarterly revenue when it reports  results on
May 1 for the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
34.7% decrease in revenue to $41.637 million from $63.76 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Independence Contract
Drilling
Inc is for a loss of 48 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
Independence
Contract Drilling Inc is $4.50​, above​ its last closing price
of $1.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              -0.28      -0.61     Missed  -117.9
 Sep. 30 2023  -0.28       -0.30      -0.37     Missed  -24.9
 Jun. 30 2023  -0.22       -0.10      -0.07     Beat    63.8​
 Mar. 31 2023  -0.12       -0.10      0.14      Beat    233.3
 ​​Dec.        -0.12       -0.15      -0.01     Beat    93.1
 31 2022                                                
 Sep. 30 2022  -0.46       -0.44      -0.35     Beat    20.9​
                                      -0.72             
 Mar. 31 2022  -0.22       -0.22      -0.99     Missed  -350
 This summary was machine generated April 29 at 14:17 GMT.  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)