Brokerages expect that Superior Drilling Products, Inc. (NASDAQ:SDPI) will announce ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Superior Drilling Products’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.01. Superior Drilling Products posted earnings per share of ($0.03) in the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The firm is expected to report its next earnings results on Thursday, March 14th.
On average, analysts expect that Superior Drilling Products will report full year earnings of $0.05 per share for the current year, with EPS estimates ranging from $0.04 to $0.06. For the next fiscal year, analysts forecast that the firm will report earnings of $0.11 per share, with EPS estimates ranging from $0.09 to $0.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Superior Drilling Products.
Superior Drilling Products (NASDAQ:SDPI) last released its earnings results on Thursday, November 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $4.77 million during the quarter, compared to analysts’ expectations of $5.82 million.
Separately, Roth Capital cut Superior Drilling Products from a “buy” rating to a “neutral” rating and set a $2.50 target price for the company. in a research report on Tuesday, September 18th.
Shares of NASDAQ:SDPI traded down $0.06 during trading on Monday, hitting $1.48. 196,202 shares of the company’s stock were exchanged, compared to its average volume of 175,900. Superior Drilling Products has a 52-week low of $1.02 and a 52-week high of $5.05.
About Superior Drilling Products
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. It is involved in the design and manufacture of new drill bit and horizontal drill string enhancement tools; and the refurbishment of polycrystalline diamond compact drill bits for the oil, natural gas, and mining service industries.
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