PBA - What's in Store for Helmerich & Payne in Q3 Earnings? | Benzinga
Helmerich & Payne, Inc. (NYSE: HP) is set to release fiscal third-quarter earnings on Jul 24, after the closing bell. The current Zacks Consensus Estimate for earnings is pegged at 77 cents per share on revenues of $668.8 million.
Let's delve into the factors that might have influenced HP's performance in the to-be-reported quarter. Before that, it's worth taking a look at the company's performance in the last reported quarter.
Highlights of Q2 Earnings
In the last reported quarter, the Tulsa, OK-based oil and gas drilling company's earnings marginally beat the consensus mark. HP reported adjusted earnings of 86 cents per share, which was one cent higher than the Zacks Consensus Estimate. This was attributed to the strong performance of the International Solutions unit, which reported an operating profit of $3.6 million, surpassing the consensus estimate of a loss of $1.6 million.
Operating revenues of $687.9 million also beat the Zacks Consensus Estimate by 1.2%. HP's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the mark in one, delivering an average earnings surprise of 15.53%.