Precision Drilling
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Precision Drilling's revenues will shrink -13.3% and EPS will drop -51.4%.
The average estimate for revenue is $500.7 million. On the bottom line, the average EPS estimate is $0.17.
Revenue details
Last quarter, Precision Drilling logged revenue of $492.1 million. GAAP reported sales were 3.7% higher than the prior-year quarter's $474.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.14. GAAP EPS of $0.14 for Q3 were 50% lower than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 38.0%, 470 basis points worse than the prior-year quarter. Operating margin was 15.3%, 940 basis points worse than the prior-year quarter. Net margin was 8.1%, 880 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.01 billion. The average EPS estimate is $0.77.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,636 members out of 1,678 rating the stock outperform, and 42 members rating it underperform. Among 503 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 493 give Precision Drilling a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Precision Drilling is outperform, with an average price target of $11.32.
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