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Helmerich & Payne (HP) Q1 Loss Narrower Than Expected
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Contract drilling services provider Helmerich & Payne Inc. (HP - Free Report) reported first quarter fiscal 2018 net operating loss per share (excluding special items) of 2 cents, narrower than the Zacks Consensus Estimate for a loss of 14 cents.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter under review has been stable over the last seven days. However, in the trailing four quarters (excluding the quarter under review), Helmerich & Payne’s bottom line had outperformed the Zacks Consensus Estimate by an average of 12.93%.
Revenues: Revenues of $564.1 million were above the Zacks Consensus Estimate of $538 million. Also, it compared favorably with the year-ago number of $368.6 million.
Key Stats: The ‘U.S. Land’ segment recorded an operating income of $24.7 million, as against the loss of $30.9 million recorded a year ago. Helmerich & Payne’s ‘Offshore’ unit earned $8.7 million in the quarter compared with the income of $6.8 million recorded in the year-ago period. Lastly, the ‘International Land’ segment reported operating earnings of $3.5 million as against the income of $0.8 million in the first quarter of fiscal 2017.
Stock Movement: Meanwhile, Helmerich & Payne has lost 18.6% of its value over a year compared to the 25.6% decline of its industry.
Check back later for our full write up on this Helmerich & Payne earnings report later!
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And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Helmerich & Payne (HP) Q1 Loss Narrower Than Expected
Contract drilling services provider Helmerich & Payne Inc. (HP - Free Report) reported first quarter fiscal 2018 net operating loss per share (excluding special items) of 2 cents, narrower than the Zacks Consensus Estimate for a loss of 14 cents.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter under review has been stable over the last seven days. However, in the trailing four quarters (excluding the quarter under review), Helmerich & Payne’s bottom line had outperformed the Zacks Consensus Estimate by an average of 12.93%.
Helmerich & Payne, Inc. Price and EPS Surprise
Helmerich & Payne, Inc. Price and EPS Surprise | Helmerich & Payne, Inc. Quote
Revenues: Revenues of $564.1 million were above the Zacks Consensus Estimate of $538 million. Also, it compared favorably with the year-ago number of $368.6 million.
Key Stats: The ‘U.S. Land’ segment recorded an operating income of $24.7 million, as against the loss of $30.9 million recorded a year ago. Helmerich & Payne’s ‘Offshore’ unit earned $8.7 million in the quarter compared with the income of $6.8 million recorded in the year-ago period. Lastly, the ‘International Land’ segment reported operating earnings of $3.5 million as against the income of $0.8 million in the first quarter of fiscal 2017.
Zacks Rank: Currently, Helmerich & Payne carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Meanwhile, Helmerich & Payne has lost 18.6% of its value over a year compared to the 25.6% decline of its industry.
Check back later for our full write up on this Helmerich & Payne earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>