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

Precision Drilling(Calgary)

27/10/2022 14:31

* Precision Drilling Corp  PD.TO  reported quarterly
adjusted
earnings of C$2.03​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of C$1.32 per share.
    * Revenue rose 69.2% to C$429.34 million from a year ago;
analysts
expected C$426.93 million. 
    * Precision Drilling Corp's reported EPS for the quarter was
C$2.03​.
    * The mean earnings estimate of analysts had risen by
about 7.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Precision Drilling Corp shares had risen by 32.8% this
quarter and gained 107.8% so far this year.
    * The company reported quarterly net income of C$30.68
million.
    * Wall Street's median 12-month price target for Precision
Drilling Corp is C$136.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 01:31 p.m.  ​All figures in Canadian dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      -1.80          -2.05          Missed