Dril-Quip: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Dril-Quip (NYSE:DRQ) reported Q4 earnings with an EPS of $0.04, missing estimates by -78.0% against an expected $0.18. Revenue increased by $29.53 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 5.0% drop in share price the following day.
February 26, 2024 | 9:20 pm
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Dril-Quip reported a significant miss in Q4 earnings with an EPS of $0.04 against an estimate of $0.18, and a revenue increase from the previous year.
Dril-Quip's significant miss in earnings estimates is likely to negatively impact investor sentiment, especially considering the company's history of missing EPS estimates and the subsequent 5.0% drop in share price after last quarter's earnings. The increase in revenue may provide some cushion, but the large miss in EPS is expected to have a more pronounced negative effect on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100