Dril-Quip's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Dril-Quip (NYSE:DRQ) is scheduled to release its quarterly earnings report on Monday, 2024-02-26, with analysts estimating an EPS of $0.18. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, leading to varied stock price reactions. Shares of Dril-Quip were trading at $21.04 as of February 22, reflecting a 31.0% decline over the last 52-week period. Investors are likely focused on both the reported earnings and the company's future guidance.
February 23, 2024 | 6:01 pm
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NEUTRAL IMPACT
Dril-Quip is expected to report an EPS of $0.18 for the latest quarter. Historical performance shows fluctuating stock price reactions to earnings reports. Currently, shares are down 31.0% over the past year.
Dril-Quip's upcoming earnings report is crucial, given its past mixed performance and the significant decline in its stock price over the last year. The focus will be on whether it can meet or exceed the EPS estimate and provide positive future guidance. However, given the historical volatility in stock price post-earnings, the short-term impact is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100