Dril-Quip Inc reports results for the quarter ended in June - Earnings Summary

Innovex International

01/08/2024 22:38

* Dril-Quip Inc  DRQ.N  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of three analysts for the quarter
was for earnings of 22 cents per share. Wall Street expected
results to range from 14 cents to 30 cents per share.
    * Revenue rose 34.3% to $120.34 million from a year ago;
analysts
expected $121.00 million. 
    * Dril-Quip Inc shares had fallen by 6.9% this quarter and
lost 25.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 43.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil related
services and equipment peer group is also "hold"

Wall Street's median 12-month price target for Dril-Quip Inc is
$24.00 
This summary was machine generated from LSEG data August 1 at
09:37 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
 Jun. 30 2024      0.22           0.10           Missed
 Mar. 31 2024      0.09           -0.62          Missed
 Dec. 31 2023      0.18           0.04           Missed
 Sep. 30 2023      0.10           -0.15          Missed