AVAH's Q2 revenues are expected to rise 9.8%, but lower PDS margins and higher costs may weigh on earnings.
Precision Drilling NYSE: PDS reported higher second-quarter revenue as record Canadian drilling activity and a rebound in U.S. rig utilization offset weaker international results, while the company said it remains on track to reduce debt and repurchase shares during 2026.
Precision Drilling (PDS) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of $0.43. This compares to earnings of $0.77 per share a year ago.
Precision Drilling earns a Strong Buy rating due to stable, resilient EBITDA near C$500 million and a market cap of C$1.01 billion. PDS's vertically integrated model and focus on high-spec rig upgrades drive lower operating expenses and sustainable reinvestment, with CapEx at 53% of EBITDA. Despite industry rig count declines, PDS increased active rigs in both Canada and the US, positioning for rising LNG and AI-driven energy demand.
PDS Biotechnology NASDAQ: PDSB reported a smaller first-quarter loss and highlighted changes to its late-stage head and neck cancer trial that management said could shorten development timelines and reduce costs.
Precision Drilling (PDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oilfield services have been in a bull market since Liberation Day; while things may start to look "frothy," the run-up was from extreme oversold levels. Precision Drilling is the market leader in Canada and has high exposure to the U.S. gassy basins. The company's fundamental metrics appear to have finally bottomed.
Does Precision Drilling (PDS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Precision Drilling (PDS) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.76 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Precision Drilling (PDS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Precision Drilling (PDS) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of $1.2. This compares to earnings of $1.69 per share a year ago.