Helmerich and Payne Inc reports results for the quarter ended June 30 - Earnings Summary

• Helmerich and Payne Inc HP.N reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 1 cents to 52 cents per share.

• Revenue rose 46.2% to $1.02 billion from a year ago; analysts expected $1.01 billion.

• Helmerich and Payne Inc's reported EPS for the quarter was a loss of $1.64​.

• The company reported a quarterly loss of $162.76 million.

• Helmerich and Payne Inc shares had risen by 3.0% this quarter and lost 51.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 66.6% 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 4 "strong buy" or "buy," 12 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the oil & gas drilling peer group is "buy."

• Wall Street's median 12-month price target for Helmerich and Payne Inc is $20.00, about 22.5% above its last closing price of $15.49

This summary was machine generated from LSEG data August 7 at 04:22 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)