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 -9.0% and EPS will come to zero.
The average estimate for revenue is $340.8 million. On the bottom line, the average EPS estimate is $0.00.
Revenue details
Last quarter, Precision Drilling logged revenue of $585.7 million. GAAP reported sales were 8.7% lower than the prior-year quarter's $641.4 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 $0.32. GAAP EPS of $0.32 for Q1 were 18% lower than the prior-year quarter's $0.39 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 42.6%, 170 basis points worse than the prior-year quarter. Operating margin was 21.9%, 480 basis points worse than the prior-year quarter. Net margin was 15.7%, 170 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.94 billion. The average EPS estimate is $0.70.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,614 members out of 1,657 rating the stock outperform, and 43 members rating it underperform. Among 426 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 416 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 $9.75.
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