Dril-Quip Q2 Adj EPS $(0.03) Misses $0.06 Estimate, Sales $89.61M Miss $98.60M Estimate
Portfolio Pulse from bharat@benzinga.com
Dril-Quip (NYSE:DRQ) reported Q2 losses of $(0.03) per share, missing the analyst consensus estimate of $0.06 by 150%. The company also reported quarterly sales of $89.61 million, missing the analyst consensus estimate of $98.60 million by 9.12%. This represents a 70% increase in losses and a 4.65% decrease in sales compared to the same period last year.
July 31, 2023 | 8:44 pm
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NEGATIVE IMPACT
Dril-Quip's Q2 results missed analyst estimates, with a 150% greater loss and a 9.12% lower sales than expected. This could negatively impact the company's stock in the short term.
Dril-Quip's Q2 results missed analyst estimates by a significant margin, both in terms of EPS and sales. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100