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

Precision Drilling(Calgary)

23/04/2025 23:38

Precision Drilling Corp PD.TO reported quarterly adjusted earnings of C$2.20​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of C$2.53.  The mean expectation of four analysts for the quarter was for earnings of C$2.41 per share. Wall Street expected results to range from C$2.21  to C$2.83 per share.

Revenue fell 6% to C$496.33 million from a year ago; analysts expected C$493.78 million.

Precision Drilling Corp's reported EPS for the quarter was C$2.20​.

The company reported quarterly net income of C$34.51 million.

Precision Drilling Corp shares had fallen by 11.0% this quarter and lost 32.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 13.5% 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 7 "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$100.00

This summary was machine generated from LSEG data April 23 at 10:37 p.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
Mar. 31 2025
2.41
2.20
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