Patterson-UTI Energy's Earnings Outlook

Patterson-UTI Energy PTEN is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement.

Analysts estimate that Patterson-UTI Energy will report an earnings per share (EPS) of $0.19.

Patterson-UTI Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.04, which was followed by a 3.83% increase in the share price the next day.

Here's a look at Patterson-UTI Energy's past performance and the resulting price change:

Stock Performance

Shares of Patterson-UTI Energy were trading at $10.46 as of February 12. Over the last 52-week period, shares are down 30.03%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Patterson-UTI Energy visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.