* Patterson-UTI Energy Inc reported a quarterly adjusted loss of $2.50 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -2 cents to 19 cents per share.
* Revenue rose 34.2% to $1.36 billion from a year ago; analysts expected $1.33 billion.
* Patterson-UTI Energy Inc's reported EPS for the quarter was a loss of $2.50.
* The company reported a quarterly loss of $978.76 million.
* Patterson-UTI Energy Inc shares had risen by 2.0% this quarter and lost 27.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 74.5% in the last three months.
* In the last 30 days, eleven analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the oil & gas drilling peer group is also "buy"
Wall Street's median 12-month price target for Patterson-UTI Energy Inc is $11.00 This summary was machine generated from LSEG data October 24 at 03:59 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.03 -2.50 Missed
Jun. 30 2024 0.15 0.03 Missed
Mar. 31 2024 0.13 0.15 Beat
Dec. 31 2023 0.19 0.15 Missed
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