Precision Drilling Corporation's latest earnings report reveals a significant miss, raising concerns about its operational performance in a competitive energy sector.
Recent earnings trend
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Precision Drilling Corporation
PD.TO
PD.TO
Precision Drilling Corporation
WealthAwesomeMarket cap
$1.32B
52W high
$143.81
52W low
$72.87
1W change
-11.42%
Beta
1.27
Analyst Price Targets
Based on analyst covering PD
Wall Street analysts forecast PD stock price to rise 39.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$148.78
+39.4% Upside
Current Price
C$106.70
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PD's historical volatility
30-Day Vol
44.3%
Annualized
90-Day Vol
47.1%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$89.25
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$100.53 | C$86.30 – C$117.12 |
| 60 trading days | C$94.72 | C$76.33 – C$117.55 |
| 90 trading days | C$89.25 | C$68.51 – C$116.27 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-28 | -0.0900 | 0.4000 | -122.5% |
| 2026-03-31 | 2026-04-29 | 1.3400 | 2.3100 | -42.0% |
| 2025-12-31 | 2026-02-11 | 1.9100 | 2.0700 | -7.7% |
| 2025-09-30 | 2025-10-22 | -0.5100 | 1.1900 | -142.9% |
| 2025-06-30 | 2025-07-29 | 1.0700 | 0.0500 | +2040.0% |
| 2025-03-31 | 2025-04-23 | 2.5600 | 2.0900 | +22.5% |
On July 28, 2026, Precision Drilling Corporation (PD.TO) reported its second-quarter earnings for the period ending June 30, 2026. The company's performance was well below expectations, with an earnings per share (EPS) of -0.09, missing the estimated EPS of 0.4 by 122.5%. This disappointing result continues a troubling trend, as Precision Drilling has not reported a single earnings beat in its last four quarters.
Investor takeaway: Investors should be cautious following Precision Drilling's significant earnings miss. With a history of underperformance and a challenging market environment, the company's ability to recover and meet future earnings expectations is uncertain. Analysts remain cautiously optimistic, but recent trends suggest a need for close monitoring.
EPS Misses Estimates by 122.5%
Precision Drilling's EPS of -0.09 starkly contrasts with the consensus estimate of 0.4, reflecting ongoing operational challenges and a lack of profitability.
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Bull case
Despite the recent earnings miss, there are factors that could support a recovery. The energy sector is experiencing fluctuations that might benefit Precision Drilling if commodity prices rebound. Additionally, the company's ongoing efforts to optimize operations and reduce debt could position it favorably in the long term.
Bear case
The consistent earnings misses indicate deeper issues within Precision Drilling's operations, raising concerns about its competitiveness in the energy equipment and services industry. With an EPS of -1.04 over the trailing twelve months and a profit margin of -0.82%, the company faces significant challenges that may hinder its recovery efforts.
Earnings Overview
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Revenue and Margins
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Analyst Insights and Price Targets
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Wealth Awesome
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