Patterson-UTI (PTEN) got here out with a quarterly lack of $0.06 per share versus the Zacks Consensus Estimate of a lack of $0.1. This compares to break-even earnings per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of +40.00%. 1 / 4 in the past, it was anticipated that this supplier of onshore contract drilling providers would put up a lack of $0.04 per share when it truly produced a lack of $0.06, delivering a shock of -50%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Patterson-UTI, which belongs to the Zacks Oil and Gasoline – Drilling trade, posted revenues of $1.18 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.47%. This compares to year-ago revenues of $1.36 billion. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Patterson-UTI shares have misplaced about 27% for the reason that starting of the 12 months versus the S&P 500’s achieve of 14.5%.
What’s Subsequent for Patterson-UTI?
Whereas Patterson-UTI has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Patterson-UTI was blended. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You may see the entire checklist of at present’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and the present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.15 on $1.09 billion in revenues for the approaching quarter and -$0.38 on $4.75 billion in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Oil and Gasoline – Drilling is at present within the backside 11% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Valaris Restricted (VAL), one other inventory in the identical trade, has but to report outcomes for the quarter ended September 2025. The outcomes are anticipated to be launched on October 30.
This firm is predicted to put up quarterly earnings of $1.00 per share in its upcoming report, which represents a year-over-year change of +13.6%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Valaris Restricted’s revenues are anticipated to be $569.74 million, down 11.4% from the year-ago quarter.
Ought to You Spend money on Patterson-UTI Power, Inc. (PTEN)?
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Zacks Funding Analysis has been dedicated to offering traders with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a median achieve of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 by means of Might 6, 2024.)
Patterson-UTI Power, Inc. (PTEN) : Free Inventory Evaluation Report
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