Yahoo Finance Precision Drilling Second Quarter 2024 Earnings: Beats Expectations
Precision Drilling (TSE:PD) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$429.2m (flat on 2Q 2023).
Net income: CA$20.7m (down 23% from 2Q 2023).
Profit margin: 4.8% (down from 6.3% in 2Q 2023).
EPS: CA$1.44 (down from CA$1.97 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Precision Drilling Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Energy Services industry in Canada.
Performance of the Canadian Energy Services industry.
The company's shares are up 6.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Precision Drilling has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.
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