Precision Drilling (PDS) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Precision Drilling (PDS) is anticipated to report a year-over-year increase in earnings despite lower revenues, with a consensus EPS estimate of $6.89 per share, reflecting a significant increase of +469.4% compared to the previous year [1][3]. Earnings Expectations - The upcoming earnings report is expected to show revenues of $308.87 million, which is a decrease of 2.5% from the same quarter last year [14]. - The consensus EPS estimate has been revised down by 9.93% over the last 30 days, indicating a reassessment by analysts [14]. Earnings Surprise Prediction - The Most Accurate Estimate for Precision Drilling is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +109%, suggesting a bullish outlook from analysts [7]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [16]. Historical Performance - Over the last four quarters, Precision Drilling has beaten consensus EPS estimates two times, which may influence future earnings expectations [10]. - In the last reported quarter, the company was expected to post earnings of $2 per share but delivered only $1.88, resulting in a surprise of -6% [18]. Stock Movement Potential - The stock may experience upward movement if the upcoming earnings report exceeds expectations, while a miss could lead to a decline [13].