Patterson-UTI Energy's (NASDAQ: PTEN) third quarter financial results release is scheduled for Wednesday 23rd October 2024, before the market opens. Investors and analysts will be able to assess the company's performance during the quarter.
Financial experts on Wall Street anticipate that the enterprise is set to announce an estimated $0.03 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $1.33 billion for this specific period.
Wall Street analysts have shared their forecasts for the company's annual performance, predicting a total revenue of $5.48 billion. Additionally, they expect the company to post profit of $0.22 per share for the fiscal year.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share income of $0.2. This figure was attributed to the company's total revenue, which reached an impressive $1.01 billion during that same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.03 | -93.0% | 1.35 B | +77.6% |
| Q1 2024 | $0.15 | -67.4% | 1.51 B | +90.7% |
| Q4 2023 | $0.19 | -58.7% | 1.58 B | +100.9% |
| Q3 2023 | $0.20 | -28.6% | 1.01 B | +39.0% |
| Q2 2023 | $0.43 | +760.0% | 758.89 M | +22.0% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 24th October 2024 at 10:00 AM eastern time to review the Q3 2024 financial results.
Patterson-UTI Energy (PTEN) closed Monday's regular trading session at $7.90, marking a 1 percent downfall. The stock fluctuated between $7.74 and $8.15 during the day, with a volume of 9.28 million shares.
