Precision Drilling Q3 EPS $1.08 Misses $1.61 Estimate, Sales $333.02M Miss $336.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Precision Drilling (NYSE:PDS) reported Q3 earnings of $1.08 per share, missing the analyst consensus estimate of $1.61 by 32.92%. This is a 30.77% decrease from the same period last year. The company also reported quarterly sales of $333.02 million, missing the analyst consensus estimate of $336.59 million by 1.06%. This is a 1.18% increase from the same period last year.
October 26, 2023 | 10:05 am
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NEGATIVE IMPACT
Precision Drilling's Q3 earnings and sales missed estimates, with a significant decrease in earnings YoY.
Precision Drilling's earnings and sales both missed estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100