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PDS

Precision Drilling Corp

$63.29

Earnings Summary

Revenue
$326.02Mn
Net Profits
$-24.61Mn
Net Profit Margins
-7.55%

Highlights

Revenue:

Precision Drilling Corp’s revenue jumped 61.91% since last year same period to $326.02Mn in the Q2 2022. On a quarterly growth basis, Precision Drilling Corp has generated -7.21% fall in its revenue since last 3-months.

Net Profits:

Precision Drilling Corp’s net profit jumped 67.58% since last year same period to $-24.61Mn in the Q2 2022. On a quarterly growth basis, Precision Drilling Corp has generated 43.87% jump in its net profits since last 3-months.

Net Profit Margins:

Precision Drilling Corp’s net profit margin jumped 79.98% since last year same period to -7.55% in the Q2 2022. On a quarterly growth basis, Precision Drilling Corp has generated 39.51% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Precision Drilling Corp post its latest quarter earnings

EPS Estimate Current Quarter
0.34
EPS Estimate Current Year
0.34

Highlights

EPS Estimate Current Quarter:

Precision Drilling Corp’s earning per share (EPS) estimates for the current quarter stand at 0.34 - a 115.11% jump from last quarter’s estimates.

EPS Estimate Current Year:

Precision Drilling Corp’s earning per share (EPS) estimates for the current year stand at 0.34.

Key Ratios

Key ratios of the Precision Drilling Corp post its Q2 2022 earnings

Earning Per Share (EPS)
-1.81
Return on Assets (ROA)
-0.02
Return on Equity (ROE)
-0.11
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Precision Drilling Corp’s earning per share (EPS) jumped 68.3% since last year same period to -1.81 in the Q2 2022. This indicates that the Precision Drilling Corp has generated 68.3% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Precision Drilling Corp’s return on assets (ROA) stands at -0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Precision Drilling Corp’s return on equity (ROE) stands at -0.11.

Dividend Per Share (DPS):

Precision Drilling Corp declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-03-31
-1.37
-3.25
-137.23%
2022-06-30
-2.25
-1.81
19.56%

Company Information

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as 'Alpha' that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Additionally, Precision offers well service rigs, camps and rental equipment and directional drilling services all backed by a comprehensive mix of technical support services and skilled, experienced personnel. Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol 'PD' and on the New York Stock Exchange under the trading symbol 'PDS'.

Organisation
Precision Drilling Corp
Headquarters
Calgary, Alberta, Canada
Employees
3.5K
Industry
Industrial Services
CEO
Kevin Neveu