Helmerich& Payne, Inc. (NYSE:HP) is projected to declare fiscal second quarter financial results right before the stock market’s official open on April 27, 2017. The stock lost about -17 percent in price since last results when it was at $81.11 a share. Based on the most relevant past-periods data, there is an 60.71 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 17 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 6 occasions, and it has met expectations 0 time.
Here’s how traders responded to HP earnings announcements over the past few quarters.
Helmerich& Payne, Inc. (HP) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -2.14 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $-0.41 which missed the consensus $-0.37 projection (negative surprise of-10.81%). For the quarter, revenue came in at 368.59M versus consensus estimate of 334.71M. The stock dropped -7.4 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On November 17, 2016, it reported earnings at $-0.33 a share compared with the consensus estimate of $-0.43 per share (positive surprise of 23.26%). Revenue of 298.2M for that quarter was below the $302.2M analysts had expected. The stock climbed 1.88% the day following the earnings announcement, and on 7th day price change was 6.51%.
On July 28, 2016, it recorded $-0.47 a share in earnings which missed the consensus estimate of $-0.42 (negative surprise of -11.9%). Revenue for the quarter was $366.49M while analysts called for revenues to be $298.71M. The stock dropped -2.89% the day following the earnings data was made public, and on 7th day price change was 0.1%.
On May 2, 2016, it announced earnings per share at $-0.24 versus the consensus estimate of $-0.22 per share (negative surprise of -9.09%). That came on revenues of $438.19M for that period. Analysts had expected $395.25M in revenue.
Helmerich& Payne, Inc. Earnings Estimates
As Q2 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.08. The analysts’ present consensus range is $-0.28-$0.19 for EPS. The market consensus range for revenue is between $407.95M and $666.2M, with an average of $497.05M.
Helmerich& Payne, Inc. (NYSE:HP) last ended at $68.47, sending the company’s market cap near $7.43B. The consensus 12-month price target from analysts covering the stock is $68.37. The share price has declined -19.37% from its top level in 52 weeks and advanced -10.64% this year. It recently traded in a range of $67.24-$68.56 at a volume of 1395494 shares. The recent trading ended with the price nearly -1.82 lower for the last 5 trading days, rebounding 28.36% from its 52-week low.