Dril-Quip, Inc. (NYSE:DRQ) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, DRQ to report 3Q20 loss of $ 0.04 per share.
For the full year, analysts anticipate top line of $ 358.29 million, while looking forward to loss of $ 0.35 per share bottom line.
Previous Quarter Performance
Dril-Quip, Inc. announced loss for the second quarter of $ 0.34 per share, from the revenue of $ 90.45 million. The quarterly revenues declined 6.95 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.06 per share from $ 88.35 million in revenue. The bottom line results missed street analysts by $ 0.28 or 466.67 percent, at the same time, top line results outshined analysts by $ 2.10 million or 2.38 percent.
Stock Performance
Shares of Dril-Quip, Inc. traded low $ -0.83 or -3.36 percent on Wednesday, reaching $ 23.86 with volume of 338.00 thousand shares. Dril-Quip, Inc. has traded high as $ 24.05 and has cracked $ 23.14 on the downward trend
According to the previous trading day, closing price of $ 23.86, representing a 10.97 % increase from the 52 week low of $ 22.25 and a 48.98 % decrease over the 52 week high of $ 48.39.
The company has a market capital of $ 837.34 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
Dril-Quip, Inc. will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.dril-quip.com
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services onshore and offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. It operates through three segments: Western Hemisphere, Eastern Hemisphere, and Asia-Pacific. The companys principal products include subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as downhole tools.
