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

• Drilling Tools International Corp DTI.OQ reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 11 cents. The lone analyst forecast for the quarter was for a loss of one cent per share.

• Revenue fell 6.6% to $34.53 million from a year ago; analysts expected $38.53 million.

• Drilling Tools International Corp's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $1.67 million.

• Drilling Tools International Corp shares had risen by 10.5% this quarter and lost 19.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 114.6% 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 "hold" and the breakdown of recommendations is no "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 also "hold"

• Wall Street's median 12-month price target for Drilling Tools International Corp is $4.30

This summary was machine generated from LSEG data May 13 at 09:39 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)