Precision Drilling
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Precision Drilling's revenues will decrease -7.9% and EPS will contract -25.6%.
The average estimate for revenue is $591.0 million. On the bottom line, the average EPS estimate is $0.29.
Revenue details
Last quarter, Precision Drilling tallied revenue of $535.7 million. GAAP reported sales were 7.3% lower than the prior-year quarter's $577.8 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, non-GAAP EPS came in at $0.21. GAAP EPS were -$0.43 for Q4 against $0.10 per share for the prior-year quarter.
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 38.8%, 640 basis points worse than the prior-year quarter. Operating margin was -19.6%, much worse than the prior-year quarter. Net margin was -21.8%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.03 billion. The average EPS estimate is $0.73.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,626 members out of 1,668 rating the stock outperform, and 42 members rating it underperform. Among 430 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 420 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 $9.01.
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