Dril-Quip: Q3 Earnings Insights

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Dril-Quip DRQ reported its Q3 earnings results on Thursday, October 27, 2022 at 04:00 PM.

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

Earnings

Dril-Quip beat estimated earnings by 266.67%, reporting an EPS of $0.05 versus an estimate of $-0.03.

Revenue was up $5.14 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 0.04% drop in the share price the next day.

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

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.09 -0.18 -0.15 -0.14
EPS Actual -0.10 -0.29 -0.46 -0.35
Revenue Estimate 87.88M 85.36M 82.75M 85.64M
Revenue Actual 93.98M 83.14M 77.91M 83.00M

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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Posted In: EarningsBZI-Recaps
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