Drilling Tools International Corp reports results for the quarter ended December 31 - Earnings Summary

• Drilling Tools International Corp DTI.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended December 31. The mean expectation of two analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents to 1 cents per share.

• Revenue was $39.85 million​; analysts expected $38.40 million.

• Drilling Tools International Corp's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $1.35 million.

• Drilling Tools International Corp shares had fallen by 17.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 100% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil related services and equipment peer group is "hold."

Wall Street's median 12-month price target for Drilling Tools International Corp is $5.50

This summary was machine generated from LSEG data March 14 at 01:30 p.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)