Patterson-UTI (PTEN) Reports Q3 Loss, Beats Revenue Estimates

Core Insights - Patterson-UTI reported a quarterly loss of $0.06 per share, which was better than the Zacks Consensus Estimate of a loss of $0.10, marking a 40% earnings surprise [1] - The company generated revenues of $1.18 billion for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 0.47%, but down from $1.36 billion year-over-year [2] - The stock has underperformed, losing approximately 27% year-to-date compared to the S&P 500's gain of 14.5% [3] Company Performance - Over the last four quarters, Patterson-UTI has surpassed consensus EPS estimates two times and topped revenue estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.15 on revenues of $1.09 billion, and for the current fiscal year, it is -$0.38 on revenues of $4.75 billion [7] Industry Context - The Oil and Gas - Drilling industry, to which Patterson-UTI belongs, is currently ranked in the bottom 11% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Patterson-UTI's stock performance [5][6]