Precision Drilling Q4 GAAP EPS $7.20 Beats $1.79 Estimate, Sales $372.42M Beat $360.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Precision Drilling (NYSE:PDS) reported Q4 GAAP EPS of $7.20, surpassing the $1.79 estimate by 302.29%, and a 3500.5% increase from last year's $0.20. Sales reached $372.42M, beating the $360.98M estimate by 3.17%, despite a 2.01% decrease from last year's $380.07M.
February 06, 2024 | 11:08 am
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POSITIVE IMPACT
Precision Drilling reported a significant beat on both EPS and sales estimates for Q4, with EPS at $7.20 against a $1.79 estimate and sales of $372.42M against a $360.98M estimate.
The substantial beat on both earnings per share and sales estimates for Q4 indicates a strong performance by Precision Drilling, likely leading to positive investor sentiment and a potential short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100