PTEN is expected to report lower revenues from the year-ago period. The company is anticipated to see a higher bottom line due to declining costs.
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US drilling and completion activity looks to be stable in the near term. In the medium term, additional natural gas focused activity in the Haynesville shale represents a powerful driver for improved margins. LNG exports are expected to ramp by year-end 2025, which should be a catalyst to warrant renewed natural gas related activity.
Universal Technical (UTI) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Universal Technical (UTI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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PTEN expects capital expenditures for 2025 to be around $600 million, with each segment planning to spend less than in 2024.
Universal Technical Institute, Inc. (NYSE:UTI ) Q1 2025 Earnings Call February 5, 2025 4:30 PM ET Company Participants Matt Kempton - Investor Relations Jerome Grant - Chief Executive Officer Christine Kline - Interim Chief Financial Officer Conference Call Participants Alex Paris - Barrington Research Eric Martinuzzi - Lake Street Mike Grondahl - Northland Securities Steven Frankel - Rosenblatt Jasper Bibb - Truist Operator Good afternoon, and welcome to the Universal Technical Institute's Q1 2025 Earnings Conference Call. [Operator Instructions] Please also note, today's event is being recorded.
Universal Technical Institute (UTI) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.17 per share a year ago.
PTEN is expected to report lower revenues from the year-ago period. The company is anticipated to see a higher bottom line due to declining costs.
Universal Technical (UTI) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.