For the quarter ended June 2026, Patterson-UTI (PTEN) reported revenue of $1.23 billion, up 0.7% over the same period last year. EPS came in at $0, compared to -$0.06 in the year-ago quarter.
The reported revenue represents a surprise of +6.97% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being -$0.03, the EPS surprise was +100%.
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: Operating days - Contract drilling - U.S.: 8,361 versus 8,357 estimated by three analysts on average. Operating revenue- Other Operations: $9.49 million versus $6.92 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +21.8% change. Operating revenue- Drilling Services: $373.5 million versus the five-analyst average estimate of $358.89 million. The reported number represents a year-over-year change of -7.5%. Revenues- Completion Services: $753.64 million versus the five-analyst average estimate of $691.46 million. The reported number represents a year-over-year change of +4.8%. Revenues- Drilling Products: $91.33 million versus the five-analyst average estimate of $78.79 million. The reported number represents a year-over-year change of +3.3%. Operating income- Other: $5.05 million compared to the $3 million average estimate based on five analysts. Operating income- Drilling Products: $8.32 million compared to the $3.55 million average estimate based on five analysts. Operating income- Completion Services: $8.19 million versus $-5.5 million estimated by five analysts on average. Operating income- Drilling Services: $22.74 million compared to the $42.24 million average estimate based on five analysts.View all Key Company Metrics for Patterson-UTI here>>>
Shares of Patterson-UTI have returned -0.1% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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Patterson-UTI Energy, Inc. (PTEN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).