The EPS miss is small and revenue met expectations, so limited near-term downside. However, the volatile earnings history (3 of last 4 quarters had >20% surprises) suggests continued uncertainty. Monitor Q2 guidance and rig count trends for directional cues.
Price Chart
Executive Summary
Precision Drilling reported Q1 2026 EPS of $1.34, missing the $1.37 consensus by 2.3%, while revenue of $469.9M matched estimates. The miss is modest but continues a pattern of volatile quarterly earnings, with the stock showing limited directional follow-through historically.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $1.34 vs consensus $1.37 (2.3% miss)
- Revenue of $469.9M in line with consensus
- Annual meeting results show strong shareholder support for all director nominees (97%+ average approval)
- Non-binding advisory vote on executive compensation passed
Financial Impact
EPS miss of $0.03 per share (2.3% below consensus); revenue in line
Risk Factors
- Continued earnings volatility with 3 of last 4 quarters showing >20% surprises
- Oil and gas drilling activity sensitivity to commodity prices
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3295450 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 27d ago | Press Release | $80.58 | awaiting T+60 | — | $98.80 (+22.61%) |
Jul 28, 2026 12w ago | Press Release | $73.12 $90.43 | ▼ −23.67% | ▼ −18.94% | $98.80 (−35.12%) |
Jul 13, 2026 15w ago | 6-K | $82.84 $83.56 | ▲ +0.87% | ▼ −2.51% | $98.80 (+19.27%) |
Jun 30, 2026 16w ago | 6-K | $76.66 $82.67 | ▲ +7.84% | ▲ +5.02% | $98.80 (+28.88%) |
Jun 29, 2026 17w ago | Press Release | $76.66 $82.67 | ▲ +7.84% | ▲ +5.02% | $98.80 (+28.88%) |
May 14, 2026 23w ago | Press Release | $95.00 $83.02 | ▼ −12.61% | ▼ −17.13% | $98.80 (+4.00%) |
May 5, 2026 24w ago | 6-K | $91.56 $77.73 | ▼ −15.10% | ▼ −17.17% | $98.80 (+7.91%) |
Apr 29, 2026 25w ago | 6-K | $93.33 $80.24 | ▼ −14.03% | ▼ −17.13% | $98.80 (+5.86%) |
Apr 29, 2026 25w ago | Press Release | $93.33 $80.24 | ▼ −14.03% | ▼ −17.13% | $98.80 (+5.86%) |
Apr 1, 2026 29w ago | 6-K | $94.49 $76.66 | ▼ −18.87% | ▼ −33.03% | $98.80 (+4.56%) |
US Market Status
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