Coming Soon: Precision Drilling Earnings

Seth Jayson, The Motley Fool
Updated

Precision Drilling (NYS: PDS) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Precision Drilling's revenues will shrink -9.0% and EPS will come to zero.

The average estimate for revenue is $340.8 million. On the bottom line, the average EPS estimate is $0.00.


Revenue details
 Last quarter, Precision Drilling logged revenue of $585.7 million. GAAP reported sales were 8.7% lower than the prior-year quarter's $641.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $0.32. GAAP EPS of $0.32 for Q1 were 18% lower than the prior-year quarter's $0.39 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 42.6%, 170 basis points worse than the prior-year quarter. Operating margin was 21.9%, 480 basis points worse than the prior-year quarter. Net margin was 15.7%, 170 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.94 billion. The average EPS estimate is $0.70.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,614 members out of 1,657 rating the stock outperform, and 43 members rating it underperform. Among 426 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 416 give Precision Drilling a green thumbs-up, and 10 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Precision Drilling is outperform, with an average price target of $9.75.

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The article Coming Soon: Precision Drilling Earnings originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Precision Drilling Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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