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

Precision Drilling(Calgary)

09/02/2023 14:31

* Precision Drilling Corp  PD.TO  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended in
December. The mean expectation of seven analysts for the quarter
was for earnings of C$4.32 per share.
    * Revenue rose 72.9% to C$510.50 million from a year ago;
analysts
expected C$484.87 million. 
    * Precision Drilling Corp's reported EPS for the quarter was
27
cents​.
    * The mean earnings estimate of analysts had risen by
about 15.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Precision Drilling Corp shares had fallen by 6.5% this
quarter.
    * The company reported quarterly net income of C$3.48
million.
    * Wall Street's median 12-month price target for Precision
Drilling Corp is C$147.50 
    * 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." 

This summary was machine generated from Refinitiv data February
9 at 02:31 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      4.32           0.27           Missed
 Sep. 30 2022      1.32           2.03           Beat
 Jun. 30 2022      -2.25          -1.81          Beat
 Mar. 31 2022      -1.37          -3.25          Missed