Precision Drilling Corp expected to post earnings of C$2.17 a share - Earnings Preview

Precision Drilling(Calgary)

02/02/2024 13:32

* Precision Drilling Corp  PD.TO   is expected to show a
fall in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Calgary Alberta-based  company is expected to report a
4.3% decrease in revenue to C$488.383 million from C$510.5
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Majority is on Total revenue
basis.)
    * ​LSEG's mean analyst estimate for Precision Drilling Corp
is for
earnings of C$2.17 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"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$125.00​, above​ its last closing price
of C$81.20. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  2.13        2.03       1.45      Missed  -28.6
 Jun. 30 2023  1.36        1.31       1.63      Beat    24.2
 Mar. 31 2023  4.28        4.24       5.57      Beat    31.4​
 Dec. 31 2022  4.46        4.32       0.27      Missed  -93.8
 ​​Sep.        1.28        1.32       2.03      Beat    53.8
 30 2022                                                
 Jun. 30 2022  -2.22       -2.25      -1.81     Beat    19.5​
 Mar. 31 2022  -1.49       -1.37      -3.25     Missed  -136.7
 Dec. 31 2021  -1.80       -1.80      -2.05     Missed  -14.2
 This summary was machine generated February 2 at 13:32 GMT.  All
figures in Canadian 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)