Helmerich and Payne Inc reports results for the quarter ended December 31 - Earnings Summary

• Helmerich and Payne Inc HP.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 42 cents to 85 cents per share.

• Revenue rose 0% to $677.30 million from a year ago; analysts expected $719.38 million.

• Helmerich and Payne Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $54.77 million.

• Helmerich and Payne Inc shares had risen by 1.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the oil & gas drilling peer group is "hold."

Wall Street's median 12-month price target for Helmerich and Payne Inc is $40.00

This summary was machine generated from LSEG data February 6 at 03:42 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)