Patterson-UTI Energy Inc <PTEN.OQ> expected to post earnings of 9 cents a share - Earnings Preview
Patterson-UTI Energy Inc PTEN.OQ PTEN.O is expected to show a rise in quarterly revenue when it reports results on July 25 for the period ending June 30 2024
The Houston Texas-based company is expected to report a 87.0% increase in revenue to $1.419 billion from $758.89 million a year ago, according to the mean estimate from 15 analysts, based on LSEG data.
LSEG's mean analyst estimate for Patterson-UTI Energy Inc is for earnings of 9 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Patterson-UTI Energy Inc is $15.00, above its last closing price of $10.22.
The company's guidance on May 2 2024 for the period ended June 30 was for Capital Expenditures of USD180 million.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Mar. 31 2024 | 0.13 | 0.13 | 0.15 | Beat | 19.5 |
Dec. 31 2024 | 0.17 | 0.19 | 0.15 | Missed | -19.2 |
Sep. 30 2023 | 0.21 | 0.25 | 0.20 | Missed | -20.2 |
Jun. 30 2023 | 0.44 | 0.44 | 0.45 | Beat | 2.1 |
Mar. 31 2023 | 0.36 | 0.35 | 0.46 | Beat | 30.4 |
Dec. 31 2022 | 0.44 | 0.42 | 0.46 | Beat | 9.2 |
Sep. 30 2022 | 0.18 | 0.18 | 0.28 | Beat | 52.8 |
Jan. 1 0001 | -0.03 | -0.04 | 0.10 | Beat | 364.7 |
This summary was machine generated July 23 at 17:40 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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