Precision Drilling Past Earnings Performance
Past criteria checks 4/6
Precision Drilling has been growing earnings at an average annual rate of 55.7%, while the Energy Services industry saw earnings growing at 55.7% annually. Revenues have been growing at an average rate of 11.7% per year. Precision Drilling's return on equity is 14.6%, and it has net margins of 12.5%.
Key information
55.7%
Earnings growth rate
54.8%
EPS growth rate
| Energy Services Industry Growth | 32.2% |
| Revenue growth rate | 11.7% |
| Return on equity | 14.6% |
| Net Margin | 12.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Does Precision Drilling (TSE:PD) Have A Healthy Balance Sheet?
Sep 29
We Like These Underlying Return On Capital Trends At Precision Drilling (TSE:PD)
Sep 13We Ran A Stock Scan For Earnings Growth And Precision Drilling (TSE:PD) Passed With Ease
Aug 29Earnings Working Against Precision Drilling Corporation's (TSE:PD) Share Price
Jun 25We Think Precision Drilling (TSE:PD) Can Stay On Top Of Its Debt
Jun 05Is Precision Drilling Corporation (TSE:PD) Trading At A 49% Discount?
Apr 04Investors Continue Waiting On Sidelines For Precision Drilling Corporation (TSE:PD)
Mar 20Investors Shouldn't Be Too Comfortable With Precision Drilling's (TSE:PD) Earnings
Feb 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Sep 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Jun 08Precision Drilling's (TSE:PD) Promising Earnings May Rest On Soft Foundations
May 04Precision Drilling (TSE:PD) Has A Somewhat Strained Balance Sheet
Feb 23Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Oct 23Health Check: How Prudently Does Precision Drilling (TSE:PD) Use Debt?
Jul 06Is Precision Drilling (TSE:PD) Weighed On By Its Debt Load?
Mar 21Health Check: How Prudently Does Precision Drilling (TSE:PD) Use Debt?
Jun 30Shareholders Will Probably Hold Off On Increasing Precision Drilling Corporation's (TSE:PD) CEO Compensation For The Time Being
May 07Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Mar 19Are Institutions Heavily Invested In Precision Drilling Corporation's (TSE:PD) Shares?
Jan 25Revenue & Expenses Breakdown
How Precision Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 1,941 | 243 | 136 | 0 |
| 30 Jun 24 | 1,911 | 224 | 157 | 0 |
| 31 Mar 24 | 1,907 | 230 | 152 | 0 |
| 31 Dec 23 | 1,938 | 289 | 122 | 0 |
| 30 Sep 23 | 1,941 | 146 | 162 | 0 |
| 30 Jun 23 | 1,924 | 157 | 143 | 0 |
| 31 Mar 23 | 1,824 | 105 | 141 | 0 |
| 31 Dec 22 | 1,617 | -34 | 181 | 0 |
| 30 Sep 22 | 1,402 | -65 | 124 | 0 |
| 30 Jun 22 | 1,226 | -134 | 123 | 0 |
| 31 Mar 22 | 1,102 | -185 | 132 | 0 |
| 31 Dec 21 | 987 | -177 | 99 | 0 |
| 30 Sep 21 | 893 | -188 | 94 | 0 |
| 30 Jun 21 | 804 | -178 | 83 | 0 |
| 31 Mar 21 | 793 | -151 | 74 | 0 |
| 31 Dec 20 | 936 | -120 | 71 | 0 |
| 30 Sep 20 | 1,106 | -84 | 80 | 0 |
| 30 Jun 20 | 1,317 | -59 | 88 | 0 |
| 31 Mar 20 | 1,487 | -24 | 93 | 0 |
| 31 Dec 19 | 1,541 | 7 | 104 | 0 |
| 30 Sep 19 | 1,596 | -191 | 100 | 0 |
| 30 Jun 19 | 1,603 | -218 | 109 | 0 |
| 31 Mar 19 | 1,574 | -251 | 114 | 0 |
| 31 Dec 18 | 1,541 | -294 | 112 | 0 |
| 30 Sep 18 | 1,461 | -143 | 113 | 0 |
| 30 Jun 18 | 1,393 | -139 | 105 | 0 |
| 31 Mar 18 | 1,354 | -127 | 94 | 0 |
| 31 Dec 17 | 1,321 | -132 | 90 | 0 |
| 30 Sep 17 | 1,277 | -116 | 99 | 0 |
| 30 Jun 17 | 1,176 | -137 | 98 | 0 |
| 31 Mar 17 | 1,070 | -158 | 106 | 0 |
| 31 Dec 16 | 1,003 | -156 | 108 | 0 |
| 30 Sep 16 | 1,046 | -396 | 106 | 0 |
| 30 Jun 16 | 1,196 | -435 | 109 | 0 |
| 31 Mar 16 | 1,345 | -407 | 112 | 0 |
| 31 Dec 15 | 1,556 | -363 | 126 | 0 |
| 30 Sep 15 | 1,829 | -207 | 123 | 0 |
| 30 Jun 15 | 2,050 | -67 | 137 | 0 |
| 31 Mar 15 | 2,190 | -44 | 146 | 0 |
| 31 Dec 14 | 2,351 | 33 | 144 | 0 |
| 30 Sep 14 | 2,299 | 215 | 152 | 0 |
| 30 Jun 14 | 2,203 | 192 | 153 | 0 |
| 31 Mar 14 | 2,107 | 199 | 144 | 0 |
| 31 Dec 13 | 2,030 | 191 | 143 | 0 |
Quality Earnings: PD has a large one-off gain of CA$38.9M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: PD's current net profit margins (12.5%) are higher than last year (7.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PD has become profitable over the past 5 years, growing earnings by 55.7% per year.
Accelerating Growth: PD's earnings growth over the past year (66.5%) exceeds its 5-year average (55.7% per year).
Earnings vs Industry: PD earnings growth over the past year (66.5%) exceeded the Energy Services industry -11.9%.
Return on Equity
High ROE: PD's Return on Equity (14.6%) is considered low.