Dril-Quip, Inc. (NYSE:DRQ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Dril-Quip, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 41.89% to $1.05 in the quarter versus EPS of $0.74 in the year-earlier quarter.
Revenue: Rose 25.75% to $222.03 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dril-Quip, Inc. reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.88. It beat the average revenue estimate of $202.13 million.
Key Stats (on next page)…
Revenue increased 14.95% from $193.16 million in the previous quarter. EPS increased 23.53% from $0.85 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.97 and has not changed. For the current year, the average estimate has moved up from a profit of $3.68 to a profit of $3.74 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)