Dril-Quip: Q4 Earnings Insights

Dril-Quip DRQ reported its Q4 earnings results on Monday, February 26, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Dril-Quip missed estimated earnings by -78.0%, reporting an EPS of $0.04 versus an estimate of $0.18.

Revenue was up $29.53 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.25 which was followed by a 5.0% drop in the share price the next day.

Here's a look at Dril-Quip's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.10 0.06 -0.01 -0.05
EPS Actual -0.15 -0.03 -0.01 0.06
Revenue Estimate 111.73M 98.60M 92.00M 88.50M
Revenue Actual 117.24M 89.61M 90.86M 96.81M

To track all earnings releases for Dril-Quip visit their earnings calendar here.

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

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