Source: Offshore Energy
Dril-Quip (DRQ) reports quarterly earnings April 22nd. Analysts expect revenue of $100.21 million and EPS of $0.02. The revenue estimate implies a 7% decline sequentially. Investors should focus on the following key items.
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Policymakers have practically shut down the economy to stem the spread of the coronavirus. Prior to the coronavirus, the economy appeared to have peaked. The current demand destruction has caused retail sales and oil prices to plummet. That is not good for oil services firms like Dril-Quip. In Q4 2019,