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Helmerich & Payne (HP) Posts Q2 Loss as Estimated, Sales Top
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Contract drilling services provider Helmerich & Payne Inc. (HP - Free Report) reported second quarter fiscal 2018 net operating loss per share (excluding special items) of 5 cents, in line with the Zacks Consensus Estimate.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter under review has been stable over the last seven days. However, in the trailing four quarters (excluding the quarter under review), Helmerich & Payne’s bottom line had outperformed the Zacks Consensus Estimate by an average of 37.1%.
Revenues: Revenues of $577.5 million were above the Zacks Consensus Estimate of $562 million. Also, it compared favorably with the year-ago number of $405.3 million.
Key Stats: The ‘U.S. Land’ segment recorded an operating income of $27.1 million, as against the loss of $51.9 million recorded a year ago. Helmerich & Payne’s ‘Offshore’ unit earned $5.5 million in the quarter compared with the income of $5.9 million recorded in the year-ago period. Lastly, the ‘International Land’ segment reported operating loss of $695 thousand compared with the loss of $11 million in the second quarter of fiscal 2017.
Stock Movement: Meanwhile, Helmerich & Payne has gained 2.9% in the January-March quarter against the 12.6% decline of its industry.
Check back later for our full write up on this Helmerich & Payne earnings report later!
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Helmerich & Payne (HP) Posts Q2 Loss as Estimated, Sales Top
Contract drilling services provider Helmerich & Payne Inc. (HP - Free Report) reported second quarter fiscal 2018 net operating loss per share (excluding special items) of 5 cents, in line with the Zacks Consensus Estimate.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter under review has been stable over the last seven days. However, in the trailing four quarters (excluding the quarter under review), Helmerich & Payne’s bottom line had outperformed the Zacks Consensus Estimate by an average of 37.1%.
Helmerich & Payne, Inc. Price and EPS Surprise
Helmerich & Payne, Inc. Price and EPS Surprise | Helmerich & Payne, Inc. Quote
Revenues: Revenues of $577.5 million were above the Zacks Consensus Estimate of $562 million. Also, it compared favorably with the year-ago number of $405.3 million.
Key Stats: The ‘U.S. Land’ segment recorded an operating income of $27.1 million, as against the loss of $51.9 million recorded a year ago. Helmerich & Payne’s ‘Offshore’ unit earned $5.5 million in the quarter compared with the income of $5.9 million recorded in the year-ago period. Lastly, the ‘International Land’ segment reported operating loss of $695 thousand compared with the loss of $11 million in the second quarter of fiscal 2017.
Zacks Rank: Currently, Helmerich & Payne carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Meanwhile, Helmerich & Payne has gained 2.9% in the January-March quarter against the 12.6% decline of its industry.
Check back later for our full write up on this Helmerich & Payne earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>