Patterson-UTI (PTEN Quick QuotePTEN - Free Report) reported $1.12 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 12.8%. EPS of -$0.06 for the same period compares to $0 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of +3.13%. The company delivered an EPS surprise of +40.77%, with the consensus EPS estimate being -$0.10.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Patterson-UTI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Operating days - Contract drilling - U.S.: 8,301 versus 8,295 estimated by three analysts on average.
• Operating revenue- Drilling Services: $351.72 million versus the five-analyst average estimate of $349.52 million. The reported number represents a year-over-year change of -14.8%.
• Operating revenue- Other Operations: $6.23 million versus $4.84 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -60.9% change.
• Revenues- Drilling Products: $79.8 million compared to the $82.28 million average estimate based on five analysts. The reported number represents a change of -6.9% year over year.
• Revenues- Completion Services: $679.59 million compared to the $644.37 million average estimate based on five analysts. The reported number represents a change of -11.3% year over year.
• Operating income- Drilling Services: $44.3 million compared to the $37.14 million average estimate based on five analysts.
• Operating income- Other: $2.08 million versus $-1 million estimated by five analysts on average.
• Operating income- Drilling Products: $5.1 million versus the five-analyst average estimate of $1.37 million.
• Operating income- Completion Services: $-20.7 million versus the five-analyst average estimate of $-22.74 million.

View all Key Company Metrics for Patterson-UTI here>>>

Shares of Patterson-UTI have returned -3% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.