Helmerich & Payne (HP) Q1 Earnings Surpass Estimates

Core Viewpoint - Helmerich & Payne reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of$0.69 per share, but down from $0.97 per share a year ago, indicating a 26.8$677.3 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.04%, and showing a slight increase from 677.15 million year-over-year [2] - Over the last four quarters, Helmerich & Payne has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Helmerich & Payne shares have increased approximately 1.8% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 0.78 on revenues of $1.01 billion, and for the current fiscal year, it is$3.11 on revenues of $3.86 billion [7] - The trend of estimate revisions for Helmerich & Payne is mixed, which could change following the recent earnings report [6] Industry Context - The Oil and Gas - Drilling industry is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8]