Patterson-uti Energy Earnings Preview: Can This Streak Continue?

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Patterson-uti Energy (NASDAQ:PTEN) will report earnings before markets open on Thursday, April 25th. Patterson-UTI Energy, Inc. provides land-based drilling services to major and independent oil and natural gas companies. The Company conducts drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. Patterson-UTI is also involved in pressure pumping, oil and gas exploration and production, and drilling and completion fluids services.

Here is your Cheat Sheet to Patterson-uti Energy Earnings:

Earnings Expectations: Analysts expect earnings of $0.36 per share on revenues of $658.03 million. Currently, the company’s P/E ratio stands at 11.43.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.23 to a profit $0.35. For the current year, the average estimate is a profit of $1.48, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Patterson-uti Energy has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,064 781.95 1,463 2,566 2,723
Diluted EPS ($) 2.23 -0.25 0.76 2.06 1.96

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 724.65 745.92 681.11 643.63 652.75
Diluted EPS ($) 0.55 0.62 0.60 0.33 0.41

Past Performance:
Patterson-uti Energy has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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