Earnings Preview: Helmerich & Payne (HP) Q3 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Helmerich & Payne despite an increase in revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Helmerich & Payne is expected to report quarterly earnings of $0.21 per share, reflecting a year-over-year decrease of 77.2%, while revenues are projected to be $1.01 billion, an increase of 44.6% from the previous year [3]. - The consensus EPS estimate has been revised down by 20.64% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -13.10%, indicating bearish sentiment among analysts [12]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [10]. Historical Performance - In the last reported quarter, Helmerich & Payne was expected to post earnings of $0.65 per share but only achieved $0.02, resulting in a surprise of -96.92% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Investment Considerations - Helmerich & Payne does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors when making investment decisions [17].