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

• Helmerich and Payne Inc HP.N reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 84 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 40 cents to 97 cents per share.

• Revenue rose 47.7% to $1.02 billion from a year ago; analysts expected $938.57 million.

• Helmerich and Payne Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.65 million.

• Helmerich and Payne Inc shares had fallen by 27.3% this quarter and lost 40.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.1% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the oil & gas drilling peer group is also "hold"

• Wall Street's median 12-month price target for Helmerich and Payne Inc is $28.00

This summary was machine generated from LSEG data May 8 at 05:05 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)