Precision Drilling Corp expected to post earnings of C$2.41 a share - Earnings Preview

Precision Drilling(Calgary)

27/10/2024 14:55

* Precision Drilling Corp  PD.TO   is expected to show a
rise in
quarterly revenue when it reports  results on October 29 for the
period ending September 30 2024
    * The Calgary Alberta-based  company is expected to report a
12.0% increase in revenue to C$500.58 million from C$446.75
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Precision Drilling Corp
is for
earnings of C$2.41 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 130.00​, above​ its last closing price
of C$81.77. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.12        4.10       1.44      Missed  -64.9
 Mar. 31 2024  2.63        2.64       2.53      Missed  -4.3
 Jan. 1 0001   2.09        2.17       8.76      Beat    303.7​
 Sep. 30 2023  2.13        2.03       1.45      Missed  -28.6
 ​​Jun.        1.36        1.31       1.63      Beat    24.2
 30 2023                                                
 Jan. 1 0001   4.28        4.24       5.57      Beat    31.4​
 Dec. 31 2022  4.46        4.32       0.27      Missed  -93.8
 Sep. 30 2022  1.28        1.32       2.03      Beat    53.8
 This summary was machine generated October 27 at 14:55 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)