Precision Drilling Corp expected to post earnings of C$4.20 a share - Earnings Preview

Precision Drilling(Calgary)

24/04/2023 14:53

* Precision Drilling Corp  PD.TO   is expected to show a
rise in
quarterly revenue when it reports  results on April 26. 
    * The Calgary Alberta-based  company is expected to report 
a
49.8% increase in revenue to C$526.429 million from C$351.34
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Precision Drilling
Corp
is for earnings of C$4.20 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "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$135​, above​ its last closing price
of C$67.15. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  4.46        4.32       0.27      Missed  -93.8
 Sep. 30 2022  1.28        1.32       2.03      Beat    53.8
 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.        -1.80       -1.80      -2.05     Missed  -14.2
 31 2021                                                
 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. 31 2021  -2.76       -2.64      -2.70     Missed  -2.3
 This summary was machine generated April 24 at 13:53 GMT.  All
figures in Canadian dollars  unless otherwise stated