Precision Drilling (PDS) reported a quarterly loss of $0.38 per share for the period ending June 2026, missing the Zacks Consensus Estimate of a $0.43 loss. In comparison, the company had earnings of $0.77 per share a year ago. This quarterly result represents a significant earnings surprise of -188.37%. Revenue for the quarter reached $327.09 million, exceeding expectations by 2.32% and up from $293.87 million year-over-year.
While Precision Drilling has seen an 11.6% increase in stock price since the beginning of the year, the company has consistently struggled with earnings estimates; it surpassed expectations only once in the last four quarters. The current consensus EPS estimate stands at $1.54 on $375.4 million in revenues for the coming quarter, and $5.46 on $1.45 billion in revenues for the entire fiscal year. The Zacks Rank for the stock is currently #5 (Strong Sell), indicating that it’s expected to underperform in the near future.
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