Superior Drilling Products, Inc. (AMEX:SDPI) is reporting third quarter financial results on Friday 6th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, SDPI is expected to report 3Q20 loss of $ 0.03 per share from revenue of $ 1.95 million.
For the full year, analysts anticipate top line of $ 11.53 million, while looking forward to loss of $ 0.09 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 21.85 million ~ $ 23.40 million
Click Here For More Historical Outlooks Of Superior Drilling Products, Inc.
Previous Quarter Performance
Superior Drilling Products, Inc. unveiled loss for the second quarter of $ 0.05 per share, from the revenue of $ 2.02 million. The quarterly revenues reduced 62.45 percent compared with the same quarter last year. Street analysts expected Superior Drilling Products, Inc. to report loss of $ 0.02 per share on revenue of $ 3.09 million for the second quarter. The bottom line results missed street analysts by $ 0.03 or 150 percent, at the same time, top line results fell short of analysts by $ 1.07 million or 34.63 percent.
Stock Performance
Shares of Superior Drilling Products, Inc. traded up $ 0.01 or 2.50 percent on Thursday, reaching $ 0.45 with volume of 194.40 thousand shares. Superior Drilling Products, Inc. has traded high as $ 0.48 and has cracked $ 0.42 on the downward trend
According to the previous trading day, closing price of $ 0.45, representing a 120.00 % increase from the 52 week low of $ 0.20 and a 58.1 % decrease over the 52 week high of $ 1.05.
The company has a market capital of $ 11.55 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
Superior Drilling Products, Inc. will be hosting a conference call at 12:00 PM eastern time on 6th November 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.sdpi.com
Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. The company manufactures and refurbishes polycrystalline diamond compact drill bits for an oil field services company. It offers Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system; V-Stream, an advanced conditioning system; and dedicated reamer stingers to optimize dedicated reamer operations.
