Drilling Tools International Corp reports results for the quarter ended June 30 - Earnings Summary

• Drilling Tools International Corp DTI.OQ reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 1 cents. The lone analyst forecast for the quarter was for earnings of 4 cents per share.

• Revenue rose 5% to $39.42 million from a year ago; analysts expected $39.83 million.

• Drilling Tools International Corp's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $2.41 million.

• Drilling Tools International Corp shares had fallen by 29.8% this quarter and lost 38.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 500% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 "buy."

• Wall Street's median 12-month price target for Drilling Tools International Corp is $3.78, about 47% above its last closing price of $2.00

This summary was machine generated from LSEG data August 13 at 09:01 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)