For the quarter ended March 2025, Patterson-UTI (PTEN) reported revenue of $1.28 billion, down 15.2% over the same period last year. EPS came in at $0.00, compared to $0.15 in the year-ago quarter.
The reported revenue represents a surprise of +7.67% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being -$0.04, the EPS surprise was +100.00%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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. $19.55 versus $19.47 estimated by three analysts on average.
- Average adjusted gross profit per operating day - U.S. $16.17 versus the three-analyst average estimate of $15.25.
- Operating revenue-Other Operations: $15.93 million compared to the $28.05 million average estimate based on five analysts.
- Operating revenue-Drilling Services: $412.86 million versus $402.03 million estimated by five analysts on average.
- Revenues- Completion Services: $766.08 million compared to the $686.10 million average estimate based on five analysts. The reported number represents a change of -18.9% year over year.
- Revenues- Drilling Products: $85.66 million compared to the $87.29 million average estimate based on five analysts. The reported number represents a change of -4.8% year over year.
- Operating income- Other: $0.23 million versus the four-analyst average estimate of $2 million.
- Operating income- Corporate: -$47.49 million versus -$48.99 million estimated by four analysts on average.
- Operating income- Drilling Products: $6.73 million versus $5.69 million estimated by four analysts on average.
- Operating income- Completion Services: -$18.84 million compared to the -$34.08 million average estimate based on four analysts.
- Operating income- Drilling Services: $76.31 million versus the four-analyst average estimate of $70.39 million.
View all Key Company Metrics for Patterson-UTI here>>>
Shares of Patterson-UTI have returned +6.5% over the past month versus the Zacks S&P 500 composite's +0.4% 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.
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Patterson-UTI Energy, Inc. (PTEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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