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

Precision Drilling(Calgary)

26/04/2023 14:30

* Precision Drilling Corp  PD.TO  reported quarterly
adjusted
earnings of C$5.57​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of C$4.24 per share.
    * Revenue rose 59% to C$558.61 million from a year ago;
analysts
expected C$526.68 million. 
    * Precision Drilling Corp's reported EPS for the quarter was
C$5.57​.
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Precision Drilling Corp shares had fallen by 2.3% this
quarter and lost 34.6% so far this year.
    * The company reported quarterly net income of C$95.83
million.
    * Wall Street's median 12-month price target for Precision
Drilling Corp is C$135.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 01:30 p.m. UTC. ​All figures in Canadian dollars
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      4.24           5.57           Beat
 Dec. 31 2022      4.32           0.27           Missed
 Sep. 30 2022      1.32           2.03           Beat
 Jun. 30 2022      -2.25          -1.81          Beat