Posted by admin on Apr 14th, 2022
Brokerages expect that Superior Drilling Products Inc (NYSE:SDPI – Get Rating) will report ($0.02) earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Superior Drilling Products’ earnings. Superior Drilling Products reported earnings per share of ($0.04) during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Superior Drilling Products will report full-year earnings of ($0.03) per share for the current year. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Superior Drilling Products.
Separately, StockNews.com started coverage on Superior Drilling Products in a research note on Monday. They set a “hold” rating on the stock.
NYSE:SDPI traded up $0.01 during trading hours on Wednesday, reaching $0.97. 132,751 shares of the stock were exchanged, compared to its average volume of 634,965. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.80 and a quick ratio of 1.51. The stock has a 50-day simple moving average of $1.05. Superior Drilling Products has a twelve month low of $0.65 and a twelve month high of $2.38. The stock has a market cap of $27.42 million, a P/E ratio of -48.56 and a beta of -0.03.
About Superior Drilling Products (Get Rating)
Superior Drilling Products, Inc engages in the manufacture, repair, sale and rental of drilling tools for oil and natural gas drilling industry. Its drilling solutions include the patented Drill-N-Ream well bore conditioning tool, Strider oscillation system technology, completion tools, V-Stream, DR Stringer, and PDC Bit Repair.
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