For the quarter ended June 2026, Patterson-UTI (PTEN Quick QuotePTEN - Free Report) reported revenue of $1.23 billion, up 0.7% over the same period last year. EPS came in at $0, compared to -$0.06 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.15 billion, representing a surprise of +6.97%. The company delivered an EPS surprise of +100%, with the consensus EPS estimate being -$0.03.

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.: 8,361 compared to the 8,357 average estimate based on three analysts.
• Average active rig count - Contract Drilling - U.S.: 92 versus the three-analyst average estimate of 92.
• Operating revenue- Other Operations: $9.49 million versus the five-analyst average estimate of $6.92 million. The reported number represents a year-over-year change of +21.8%.
• Operating revenue- Drilling Services: $373.5 million compared to the $358.89 million average estimate based on five analysts. The reported number represents a change of -7.5% year over year.
• Revenues- Completion Services: $753.64 million compared to the $691.46 million average estimate based on five analysts. The reported number represents a change of +4.8% year over year.
• Revenues- Drilling Products: $91.33 million versus the five-analyst average estimate of $78.79 million. The reported number represents a year-over-year change of +3.3%.
• Operating income- Other: $5.05 million compared to the $3 million average estimate based on five analysts.
• Operating income- Corporate: $-51.25 million versus the five-analyst average estimate of $-45.16 million.
• Operating income- Drilling Products: $8.32 million versus $3.55 million estimated by five analysts on average.
• Operating income- Completion Services: $8.19 million versus $-5.5 million estimated by five analysts on average.
• Operating income- Drilling Services: $22.74 million compared to the $42.24 million average estimate based on five analysts.

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

Shares of Patterson-UTI have returned +10.3% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.