Patterson-UTI (PTEN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2024, Patterson-UTI (PTEN) reported revenue of $1.16 billion, down 26.7% over the same period last year. EPS came in at -$0.12, compared to $0.19 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.21 billion, representing a surprise of -4.19%. The company delivered an EPS surprise of -20.00%, with the consensus EPS estimate being -$0.10.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Patterson-UTI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average direct operating costs per operating day - U.S. $19.57 compared to the $19.45 average estimate based on three analysts. Average adjusted gross profit per operating day - U.S. $15.72 versus $14.81 estimated by three analysts on average. Revenues- Drilling Products: $86.52 million versus the five-analyst average estimate of $90.50 million. The reported number represents a year-over-year change of -1.8%. Revenues- Completion Services: $650.85 million versus the five-analyst average estimate of $695.46 million. The reported number represents a year-over-year change of -35.8%. Revenues- Other: $16.38 million compared to the $15.10 million average estimate based on five analysts. Revenues- Drilling Services: $408.39 million versus the five-analyst average estimate of $395.16 million. Income (loss) before income taxes- Other: $2.07 million versus the four-analyst average estimate of -$2.47 million. Income (loss) before income taxes- Corporate: -$55.96 million versus the four-analyst average estimate of -$40.58 million. Income (loss) before income taxes- Drilling Products: -$0.20 million compared to the $7.11 million average estimate based on four analysts. Income (loss) before income taxes- Completion Services: -$50.23 million versus -$58.84 million estimated by four analysts on average. Income (loss) before income taxes- Drilling Services: $72.99 million compared to the $58.11 million average estimate based on four analysts. View all Key Company Metrics for Patterson-UTI here>>>Shares of Patterson-UTI have returned +3.1% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Patterson-UTI Energy, Inc. (PTEN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks