Precision Drilling Corp reports results for the quarter ended December 31 - Earnings Summary

Precision Drilling(Calgary)

13/02/2025 24:35

* Precision Drilling Corp  PD.TO  reported quarterly
adjusted
earnings of C$1.06​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of C$8.76.  The mean expectation of six analysts
for the quarter was for earnings of C$1.92 per share. Wall
Street expected results to range from C$1.69  to C$2.28 per
share.
    * Revenue fell 7.6% to C$468.17 million from a year ago;
analysts
expected C$481.43 million. 
    * Precision Drilling Corp's reported EPS for the quarter was
C$1.06​.
    * The company reported quarterly net income of C$14.8
million.
    * Precision Drilling Corp shares had fallen by 7.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the oil & gas
drilling
peer group is also "buy"

Wall Street's median 12-month price target for Precision
Drilling Corp is C$124.00 
This summary was machine generated from LSEG data February 13 at
12:35 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.92           1.06           Missed
 Sep. 30 2024      2.41           2.31           Missed
 Jun. 30 2024      4.10           1.44           Missed
 Mar. 31 2024      2.64           2.53           Missed