Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the other hand, if they miss, the stock may move lower. This provider of onshore contract drilling services is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -79.6%. The consensus EPS estimate for the quarter has been revised 8.04% lower over the last 30 days to the current level. This is ...