Precision Drilling (PDS) Misses Q1 Earnings and Revenue Estimates

Core Viewpoint - Precision Drilling reported quarterly earnings of $1.53 per share, missing the Zacks Consensus Estimate of$ 1.57 per share, and down from $1.88 per share a year ago, indicating a negative earnings surprise of -2.55% [1][2] Financial Performance - The company posted revenues of$ 345.72 million for the quarter, missing the Zacks Consensus Estimate by 0.85%, and down from $391.51 million year-over-year [2] - Over the last four quarters, Precision Drilling has surpassed consensus EPS estimates two times and topped revenue estimates only once [2] Stock Performance - Precision Drilling shares have declined approximately 29.6% since the beginning of the year, compared to a decline of -10.1% for the S&P 500 [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.22 on revenues of $293.72 million, and for the current fiscal year, it is$ 5.13 on revenues of $1.34 billion [7] - The estimate revisions trend for Precision Drilling has been unfavorable ahead of the earnings release [6] Industry Context - The Oil and Gas - Drilling industry is currently ranked in the bottom 14% of over 250 Zacks industries, suggesting a challenging environment for stocks in this sector [8]