Dril-Quip Future Growth

Future criteria checks 4/6

Dril-Quip is forecast to grow earnings and revenue by 36.6% and 11.3% per annum respectively while EPS is expected to grow by 86.1% per annum.

Key information

36.6%

Earnings growth rate

86.1%

EPS growth rate

Energy Services earnings growth	19.7%
Revenue growth rate	11.3%
Future return on equity	n/a
Analyst coverage	Low
Last updated	08 Apr 2024

Recent future growth updates

Recent updates

If You Had Bought Dril-Quip's (NYSE:DRQ) Shares Five Years Ago You Would Be Down 44%

Jan 25

Dril-Quip's Valuation Remains Robust

Dec 09

What Did Dril-Quip's (NYSE:DRQ) CEO Take Home Last Year?

Dec 03

Dril-Quip, Inc. 2020 Q3 - Results - Earnings Call Presentation

Oct 30

Earnings and Revenue Growth Forecasts

NYSE:DRQ - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	670	63	44	78	1
12/31/2025	585	41	19	49	2
12/31/2024	515	22	6	30	2
12/31/2023	424	1	-25	8	N/A
9/30/2023	395	0	-62	-36	N/A
6/30/2023	365	21	-89	-58	N/A
3/31/2023	370	12	-101	-79	N/A
12/31/2022	362	-2	-56	-37	N/A
9/30/2022	343	-65	-30	-14	N/A
6/30/2022	338	-89	-14	-6	N/A
3/31/2022	325	-103	5	14	N/A
12/31/2021	322	-128	28	38	N/A
9/30/2021	332	-76	7	17	N/A
6/30/2021	341	-50	12	22	N/A
3/31/2021	350	-45	3	13	N/A
12/31/2020	365	-31	-33	-21	N/A
9/30/2020	386	-12	-9	4	N/A
6/30/2020	403	-28	-29	-14	N/A
3/31/2020	416	-12	-20	-7	N/A
12/31/2019	415	2	3	15	N/A
9/30/2019	404	-81	6	20	N/A
6/30/2019	389	-90	16	33	N/A
3/31/2019	380	-94	10	35	N/A
12/31/2018	385	-96	13	46	N/A
9/30/2018	395	-92	31	66	N/A
6/30/2018	402	-111	58	93	N/A
3/31/2018	435	-108	75	108	N/A
12/31/2017	455	-101	80	108	N/A
9/30/2017	454	-28	N/A	100	N/A
6/30/2017	477	20	N/A	122	N/A
3/31/2017	491	57	N/A	205	N/A
12/31/2016	539	93	N/A	247	N/A
9/30/2016	634	140	N/A	253	N/A
6/30/2016	712	172	N/A	240	N/A
3/31/2016	785	175	N/A	156	N/A
12/31/2015	844	192	N/A	190	N/A
9/30/2015	897	203	N/A	205	N/A
6/30/2015	938	208	N/A	196	N/A
3/31/2015	953	220	N/A	188	N/A
12/31/2014	931	209	N/A	149	N/A
9/30/2014	909	197	N/A	124	N/A
6/30/2014	892	181	N/A	143	N/A
3/31/2014	883	173	N/A	136	N/A
12/31/2013	872	170	N/A	162	N/A
9/30/2013	828	154	N/A	143	N/A
6/30/2013	795	143	N/A	110	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRQ's forecast earnings growth (36.6% per year) is above the savings rate (2.3%).

Earnings vs Market: DRQ's earnings (36.6% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: DRQ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DRQ's revenue (11.3% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: DRQ's revenue (11.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if DRQ's Return on Equity is forecast to be high in 3 years time

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Dril-Quip Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Dril-Quip, Inc. Provides Earnings Guidance for the Fiscal 2024

Dril-Quip, Inc. Updates Financial Guidance for the Year 2023

Dril-Quip, Inc. Provides Earnings Guidance for 2023

Price target increased by 7.9% to US$27.33

Dril-Quip, Inc. Provides Revenue Guidance for the Year 2022

Price target increased to US$28.00

Recent updates

President notifies of intention to sell stock

Dril-Quip, Inc. Announces That Steven L. Newman Expressed His Intent to Retire and to Not Stand for Re-Election as A Member of the Board of Directors, Member of Audit Committee, Nominating and Governance Committee or the Compensation Committee

Dril-Quip Makes Fantastic Move By Merging With Innovex Downhole Solutions

Dril-Quip, Inc., Annual General Meeting, May 07, 2024

Innovex Downhole Solutions, Inc. entered into a definitive agreement to acquire Dril-Quip, Inc. (NYSE:DRQ) in a reverse merger transaction.

Dril-Quip, Inc. Provides Earnings Guidance for the Fiscal 2024

Full year 2023 earnings released: EPS: US$0.018 (vs US$0.013 in FY 2022)

Dril-Quip, Inc. to Report Q4, 2023 Results on Feb 26, 2024

President notifies of intention to sell stock

Dril-Quip (NYSE:DRQ) Will Be Hoping To Turn Its Returns On Capital Around

Dril-Quip: Ready For Liftoff

Now 22% undervalued after recent price drop

Dril-Quip (NYSE:DRQ) Is In A Strong Position To Grow Its Business

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 22% undervalued after recent price drop

Dril-Quip, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Dril-Quip: New Outlook And Re-Segmentation Could Push The Price Up

Dril-Quip, Inc. Updates Financial Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.10 (vs US$0.16 loss in 2Q 2022)

Dril-Quip, Inc. to Report Q2, 2023 Results on Jul 31, 2023

Calculating The Intrinsic Value Of Dril-Quip, Inc. (NYSE:DRQ)

First quarter 2023 earnings released: EPS: US$0.068 (vs US$0.26 loss in 1Q 2022)

Dril-Quip, Inc. Provides Earnings Guidance for 2023

Dril-Quip, Inc. to Report Q1, 2023 Results on May 08, 2023

VP & CFO notifies of intention to sell stock

Independent Chairman of the Board recently sold US$459k worth of stock

Price target increased by 7.9% to US$27.33

Full year 2022 earnings released: EPS: US$0.013 (vs US$3.62 loss in FY 2021)

We're Interested To See How Dril-Quip (NYSE:DRQ) Uses Its Cash Hoard To Grow

Is Dril-Quip, Inc. (NYSE:DRQ) Trading At A 46% Discount?

President notifies of intention to sell stock

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Dril-Quip, Inc. to Report Q3, 2022 Results on Oct 27, 2022

President notifies of intention to sell stock

We're Not Worried About Dril-Quip's (NYSE:DRQ) Cash Burn

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Dril-Quip, Inc. Provides Revenue Guidance for the Year 2022

Dril-Quip, Inc. to Report Q2, 2022 Results on Jul 28, 2022

VP, General Counsel & Secretary notifies of intention to sell stock

A Look At The Fair Value Of Dril-Quip, Inc. (NYSE:DRQ)

Now 22% undervalued

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to US$28.00

Dril-Quip, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Price target increased to US$28.00

Dril-Quip, Inc., Annual General Meeting, May 17, 2022

Dril-Quip, Inc., Annual General Meeting, May 17, 2022

Insider recently sold US$122k worth of stock

Calculating The Fair Value Of Dril-Quip, Inc. (NYSE:DRQ)

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Dril-Quip, Inc. to Report Fiscal Year 2021 Results on Feb 23, 2022

CEO & Director notifies of intention to sell stock

Third quarter 2021 earnings released: US$0.32 loss per share (vs US$0.41 profit in 3Q 2020)

Price target decreased to US$28.40

President & COO notifies of intention to sell stock

Consensus forecasts updated

Second quarter 2021 earnings released: US$0.54 loss per share (vs US$0.40 loss in 2Q 2020)

VP, General Counsel & Secretary notifies of intention to sell stock

Dril-Quip, Inc.(NYSE:DRQ) dropped from Russell 2000 Value-Defensive Index

Dril-Quip, Inc. 2021 Q1 - Results - Earnings Call Presentation

First quarter 2021 earnings released: US$0.97 loss per share (vs US$0.55 loss in 1Q 2020)

VP, General Counsel & Secretary notifies of intention to sell stock

Dril-Quip (NYSE:DRQ) Is In A Strong Position To Grow Its Business

Earnings beat expectations, revenue disappoints

Full year 2020 earnings released: US$0.87 loss per share (vs US$0.048 profit in FY 2019)

Dril-Quip, Inc. to Report Q4, 2020 Results on Feb 25, 2021

New 90-day high: US$35.48

If You Had Bought Dril-Quip's (NYSE:DRQ) Shares Five Years Ago You Would Be Down 44%

New 90-day high: US$34.93