Precision Drilling (PDS) Surpasses Q2 Earnings and Revenue Estimates

This quarterly report represents an earnings surprise of 269.35%. A quarter ago, it was expected that this oilfield services company would post earnings of $2 per share when it actually produced earnings of $1.88, delivering a surprise of -6%. Precision Drilling, which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $313.71 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.53%. This compares to year-ago revenues of $316.89 million. The company has ...