Dril-Quip Inc expected to post earnings of 22 cents a share - Earnings Preview

Innovex International

26/07/2024 21:45

* Dril-Quip Inc  DRQ.N   DRQ  is expected to show a rise in
quarterly revenue when it reports  results on July 29
(estimated) for the period ending June 30 2024
    * The Houston Texas-based  company is expected to report a
35.0% increase in revenue to $121 million from $89.61 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Dril-Quip Inc is for
earnings
of 22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Dril-Quip
Inc is
$24.00​, above​ its last closing price of $16.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.09        0.09       -0.62     Missed  -796.6
 Dec. 31 0001  0.17        0.18       0.04      Missed  -77.4
 Sep. 30 2023  0.12        0.10       -0.15     Missed  -243.2
                                                        ​
 Jun. 30 2023  0.03        0.06       -0.03     Missed  -148.6
 ​​Jan.                    -0.01      -0.01     Met     -42.9
 1 0001                                                 
 Dec. 31 2022  -0.05       -0.05      0.06      Beat    229.5​
 Sep. 30 2022  -0.01       -0.03      0.05      Beat    283.5
 Jun. 30 2022  -0.09       -0.08      -0.10     Missed  -25.3
 This summary was machine generated July 26 at 20:45 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)