Patterson-UTI Energy PTEN reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:55 PM.
Here's what investors need to know about the announcement.
Earnings
Patterson-UTI Energy beat estimated earnings by 225.0%, reporting an EPS of $0.05 versus an estimate of $-0.04.
Revenue was up $330.46 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 7.46% increase in the share price the next day.
Here's a look at Patterson-UTI Energy's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.21 | -0.35 | -0.44 | -0.52 |
| EPS Actual | -0.13 | -0.38 | -0.44 | -0.54 |
| Revenue Estimate | 510.67M | 435.89M | 352.18M | 292.89M |
| Revenue Actual | 509.38M | 466.49M | 357.88M | 291.77M |
To track all earnings releases for Patterson-UTI Energy visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
