Precision Drilling Corp expected to post a loss of C$2.25 a share - Earnings Preview

Precision Drilling(Calgary)

25/07/2022 13:45

* Precision Drilling Corp  PD.TO   is expected to show a
rise in
quarterly revenue when it reports  results on July 27. 
    * The Calgary Alberta-based  company is expected to report 
a
45.0% increase in revenue to C$292.067 million from C$201.36
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Precision Drilling
Corp
is for a loss of C$2.25 per share. For the same quarter last
year, the company reported a loss of C$5.71 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "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 Precision
Drilling Corp is C$130​, above​ its last closing price
of C$72.96. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in Canadian dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -1.49       -1.37      -3.25     Missed  -136.7
 Dec. 31 2022  -1.80       -1.80      -2.05     Missed  -14.2
 Sep. 30 2021  -2.13       -2.17      -2.88     Missed  -32.9​
 Jun. 30 2021  -4.33       -4.32      -5.71     Missed  -32.1
 ​​Mar.        -2.76       -2.64      -2.70     Missed  -2.3
 31 2021                                                
 Dec. 31 2020  -3.10       -3.09      -2.74     Beat    11.3​
 Sep. 30 2020  -4.11       -4.10      -4.40     Missed  -7.4
 Jun. 30 2020  -4.17       -3.84      -3.80     Beat    1
 This summary was machine generated July 25 at 12:45 GMT.  All
figures in Canadian dollars  unless otherwise stated