Dril Quip Earnings Estimate

DRQ
 Stock
  

USD 25.30  0.50  1.94%   

Many public companies, such as Dril Quip, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Dril Quip's earnings estimates, investors can diagnose different trends across Dril Quip's analyst sentiment over time as well as compare current estimates against different timeframes.
Dril Quip is projected to generate -1.51 in earnings per share on the 31st of December 2021. Dril Quip earnings estimates module stress-tests analyst consensus about projected Dril-Quip EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Continue to Investing Opportunities.
  
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As of 3rd of July 2022, Gross Profit is likely to grow to about 82.7 M, while Profit Margin is likely to drop (0.41) .

Dril Quip Earnings Estimation Breakdown

Calculation of earning per share of Dril-Quip is based on official Zacks consensus of 3 analysts regarding Dril Quip future annual earnings. Given the historical accuracy of 21.59%, the future earnings per share of Dril Quip is estimated to be -1.51 with the lowest and highest values of -1.51 and -1.51, respectively. Please note that this consensus of annual earnings estimates for Dril-Quip is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS -2.14
-1.51
Lowest
Expected EPS -1.51
-1.51
Highest

Dril Quip Earnings Projection Consensus

Suppose the current estimates of Dril Quip's value are higher than the current market price of the Dril Quip stock. In this case, investors may conclude that Dril Quip is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Dril Quip's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

3

21.59%

-2.14

-1.51

Dril Quip Earnings History

Earnings estimate consensus by Dril-Quip analysts from Wall Street is used by the market to judge Dril Quip's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Dril Quip's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Dril Quip Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

2.17 Million

Share
As of 3rd of July 2022, Accumulated Retained Earnings Deficit is likely to grow to about 1.2 B, while Earning Before Interest and Taxes EBIT is likely to drop (127.5 M). As of 3rd of July 2022, Weighted Average Shares is likely to drop to about 34.6 M. In addition to that, Weighted Average Shares Diluted is likely to drop to about 34.6 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Dril Quip's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Dril Quip in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
21.9525.1628.37
Details
Intrinsic
Valuation
LowReal ValueHigh
19.5822.7926.00
Details
Naive
Forecast
LowNext ValueHigh
25.7528.9732.18
Details
5 Analysts
Consensus
LowTarget PriceHigh
20.0024.3332.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dril Quip. Your research has to be compared to or analyzed against Dril Quip's peers to derive any actionable benefits. When done correctly, Dril Quip's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dril-Quip.
Note that many institutional investors and large investment bankers can move markets due to the volume of Dril Quip assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Dril Quip. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Dril Quip stock price in the short term.

Dril Quip Earnings per Share Projection vs Actual

Actual Earning per Share of Dril Quip refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Dril-Quip predict the company's earnings will be in the future. The higher the earnings per share of Dril Quip, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Dril Quip Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Dril Quip, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Dril Quip should always be considered in relation to other companies to make a more educated investment decision.

Dril Quip Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Dril Quip's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-04-28
2022-03-31-0.18-0.29-0.1161 
2022-02-23
2021-12-31-0.15-0.46-0.31206 
2021-10-28
2021-09-30-0.1617-0.35-0.1883116 
2021-07-29
2021-06-30-0.0933-0.53-0.4367468 
2021-04-29
2021-03-31-0.0675-0.1507-0.0832123 
2021-02-25
2020-12-31-0.0157-0.12-0.1043664 
2020-10-29
2020-09-30-0.03270.440.47271445 
2020-07-30
2020-06-30-0.0902-0.34-0.2498276 
2020-05-06
2020-03-31-0.0022-0.0117-0.0095431 
2020-02-27
2019-12-310.13050.230.099576 
2019-10-24
2019-09-300.1202-0.07-0.1902158 
2019-07-25
2019-06-300.03960.03-0.009624 
2019-04-25
2019-03-31-0.08-0.12-0.0450 
2019-02-26
2018-12-31-0.1971-0.040.157179 
2018-10-25
2018-09-30-0.2212-0.20.0212
2018-07-26
2018-06-30-0.0894-0.24-0.1506168 
2018-04-26
2018-03-31-0.0106-0.16-0.14941409 
2018-02-27
2017-12-310.02530.01-0.015360 
2017-10-27
2017-09-30-0.00640.050.0564881 
2017-07-28
2017-06-300.03210.090.0579180 
2017-04-27
2017-03-310.01280.050.0372290 
2017-02-28
2016-12-310.30330.23-0.073324 
2016-10-27
2016-09-300.38490.390.0051
2016-07-29
2016-06-300.67040.64-0.0304
2016-04-26
2016-03-310.8350.83-0.005
2016-02-25
2015-12-311.05541.20.144613 
2015-10-29
2015-09-301.151.320.1714 
2015-07-30
2015-06-301.211.01-0.216 
2015-04-30
2015-03-311.161.380.2218 
2015-02-27
2014-12-311.341.50.1611 
2014-10-31
2014-09-301.31.40.1
2014-07-30
2014-06-301.151.270.1210 
2014-05-09
2014-03-311.191.06-0.1310 
2014-02-28
2013-12-311.131.210.08
2013-11-01
2013-09-301.051.120.07
2013-08-02
2013-06-300.881.060.1820 
2013-05-03
2013-03-310.80.850.05
2013-02-28
2012-12-310.740.760.02
2012-11-09
2012-09-300.740.73-0.01
2012-08-06
2012-06-300.710.740.03
2012-05-07
2012-03-310.670.710.04
2012-02-27
2011-12-310.610.780.1727 
2011-11-04
2011-09-300.570.580.01
2011-08-05
2011-06-300.580.55-0.03
2011-05-09
2011-03-310.570.580.01
2011-02-28
2010-12-310.70.67-0.03
2010-11-04
2010-09-300.690.690
2010-08-06
2010-06-300.70.70
2010-05-07
2010-03-310.680.740.06
2010-02-26
2009-12-310.70.720.02
2009-11-06
2009-09-300.670.720.05
2009-08-07
2009-06-300.660.680.02
2009-05-08
2009-03-310.620.630.01
2009-02-27
2008-12-310.70.64-0.06
2008-11-10
2008-09-300.710.69-0.02
2008-08-07
2008-06-300.670.680.01
2008-05-09
2008-03-310.690.62-0.0710 
2008-02-29
2007-12-310.680.67-0.01
2007-11-01
2007-09-300.620.670.05
2007-08-02
2007-06-300.620.59-0.03
2007-05-01
2007-03-310.610.59-0.02
2007-02-27
2006-12-310.60.610.01
2006-11-02
2006-09-300.530.580.05
2006-08-01
2006-06-300.440.50.0613 
2006-05-03
2006-03-310.320.440.1237 
2006-03-01
2005-12-310.280.320.0414 
2005-11-03
2005-09-300.190.270.0842 
2005-08-02
2005-06-300.130.190.0646 
2005-04-28
2005-03-310.110.120.01
2005-03-02
2004-12-310.10.110.0110 
2004-10-29
2004-09-300.080.10.0225 
2004-07-30
2004-06-300.070.080.0114 
2004-04-30
2004-03-310.070.080.0114 
2004-02-27
2003-12-310.070.070
2003-10-30
2003-09-300.060.070.0116 
2003-08-01
2003-06-300.070.090.0228 
2003-05-07
2003-03-310.060.060
2003-02-28
2002-12-310.070.070
2002-10-31
2002-09-300.070.070
2002-08-01
2002-06-300.080.090.0112 
2002-04-25
2002-03-310.080.080
2002-02-28
2001-12-310.090.090
2001-10-31
2001-09-300.10.09-0.0110 
2001-07-26
2001-06-300.090.090
2001-04-26
2001-03-310.080.080
2001-02-23
2000-12-310.090.08-0.0111 
2000-10-27
2000-09-300.110.09-0.0218 
2000-07-27
2000-06-300.080.080
2000-04-27
2000-03-310.070.070
2000-02-23
1999-12-310.090.08-0.0111 
1999-10-28
1999-09-300.080.090.0112 
1999-07-27
1999-06-300.090.090
1999-04-29
1999-03-310.10.09-0.0110 
1999-02-18
1998-12-310.130.130
1998-10-29
1998-09-300.130.130
1998-07-21
1998-06-300.120.130.01
1998-04-29
1998-03-310.120.120
1998-02-17
1997-12-310.130.130

About Dril Quip Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Dril Quip earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Dril Quip estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Dril Quip fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit973.1 M1.2 B
Earning Before Interest and Taxes EBIT-124.3 M-127.5 M
Earnings per Basic Share(3.62) (3.72) 
Earnings per Diluted Share(3.62) (3.72) 
Price to Earnings Ratio(5.44) (5.58) 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA-93.9 M-96.4 M
Earnings before Tax-125 M-128.3 M
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.

Dril Quip Investors Sentiment

The influence of Dril Quip's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dril Quip. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Dril Quip Implied Volatility

    
  50.34  
Dril Quip's implied volatility exposes the market's sentiment of Dril-Quip stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dril Quip's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dril Quip stock will not fluctuate a lot when Dril Quip's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dril Quip in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dril Quip's short interest history, or implied volatility extrapolated from Dril Quip options trading.

Current Sentiment - DRQ

Dril-Quip Investor Sentiment

Greater number of Macroaxis users are currently bullish on Dril-Quip. What is your opinion about investing in Dril-Quip? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Dril Quip

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dril Quip position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dril Quip will appreciate offsetting losses from the drop in the long position's value.

Dril Quip Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Dril Quip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dril Quip when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dril Quip - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dril-Quip to buy it.
The correlation of Dril Quip is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dril Quip moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dril-Quip moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dril Quip can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
873.3 M
Quarterly Revenue Growth YOY
0.023
Return On Assets
-0.0281
Return On Equity
-0.11
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.