Precision Drilling Corp expected to post earnings of C$4.32 a share - Earnings Preview

Precision Drilling(Calgary)

07/02/2023 13:55

* Precision Drilling Corp  PD.TO   is expected to show a
rise in
quarterly revenue when it reports  results on February 9. 
    * The Calgary Alberta-based  company is expected to report 
a
64.3% increase in revenue to C$484.9 million from C$295.2
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$4.32 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$147.5​, above​ its last closing price
of C$95.64. ​​​

Previous quarterly performance (using preferred earnings measure
in Canadian dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  -1.80       -1.80      -2.05     Missed  -14.2
 ​​Sep.        -2.13       -2.17      -2.88     Missed  -32.9
 30 2021                                                
 Jun. 30 2021  -4.33       -4.32      -5.71     Missed  -32.1​
 Mar. 31 2021  -2.76       -2.64      -2.70     Missed  -2.3
 Dec. 31 2020  -3.10       -3.09      -2.74     Beat    11.3
 This summary was machine generated February 7 at 13:55 GMT.  All
figures in Canadian dollars  unless otherwise stated