Precision Drilling (TSE:PD) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$429.3m (up 69% from 3Q 2021).
Net income: CA$30.7m (up from CA$38.0m loss in 3Q 2021).
Profit margin: 7.1% (up from net loss in 3Q 2021).
EPS: CA$2.26 (up from CA$2.86 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Precision Drilling Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Energy Services industry in Canada.
The company's shares are up 9.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Precision Drilling's balance sheet and an in-depth analysis of the company's financial position.
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