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Market Overview

Earnings Preview For Parker Drilling


On Wednesday, Parker Drilling (NYSE: PKD) will release its latest earnings report. Benzinga's outlook for Parker Drilling is included in the following report.

Earnings and Revenue

Parker Drilling earnings is expected to be a loss of 17 cents per share, according to sell-side analysts. Sales will likely be near $112.22 million.

In the same quarter last year, Parker Drilling reported a loss per share of 33 cents per share on revenue of $94.02 million. If the company were to match the consensus estimate, earnings would be down 48.48 percent. Revenue would be up 19.35 percent from the year-ago period.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:


Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate   -0.26 -0.34 -0.38
EPS Actual -0.15 -0.23 -0.31 -0.33


Q4 EPS Estimate: -17 cents per share
Q4 Revenues Estimate: $112 million

Stock Performance

Over the last 52-week period, shares are down 58.78 percent. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. Analysts have been rating Parker Drilling stock as Neutral. The strength of this rating has maintained conviction over the past three months.


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