Precision Drilling reported adjusted earnings of C$1.65 per share for the quarter ended September 30, below the C$1.72 estimate. It was the company’s fourth straight miss for a comparable quarter.
Precision Drilling Corporation (TSX: PD) reported earnings after the market closed on October 27, 2026. EPS of C$1.65 was 4.1% below the C$1.72 estimate. The company has now missed estimates in each of the past three reported quarters, including a loss in June. Revenue and margin figures for the latest quarter weren’t provided, so EPS is the clearest measure available. See the company’s stock page for more coverage.
Recent earnings trend
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Precision Drilling Corporation
PD.TO
PD.TO
Precision Drilling Corporation
WealthAwesomeMarket cap
$1.74B
52W high
$143.81
52W low
$78.76
1W change
+9.00%
Beta
1.45
Analyst Price Targets
Based on analyst covering PD · as of Oct 28, 2026
Wall Street analysts forecast PD stock price to rise 15.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$161.25
+15.2% Upside
Previously C$156.88 on Oct 22, 2026
Current Price
C$140.02
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PD's historical volatility
30-Day Vol
38.9%
Annualized
90-Day Vol
40.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$167.40
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$148.61 | C$129.94 – C$169.95 |
| 60 trading days | C$157.72 | C$130.46 – C$190.68 |
| 90 trading days | C$167.40 | C$132.68 – C$211.20 |
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.
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Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-27 | 1.6500 | 1.7200 | -4.1% |
| 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% |
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Investor takeaway: The latest miss was smaller than the previous three, but four straight misses and negative trailing-twelve-month EPS show that earnings remain uneven. Analysts have raised their estimate for next quarter, and the share price has climbed sharply. Investors will want to compare those expectations with the company’s results and operating conditions.
C$1.65 EPS, 4.1% below the C$1.72 estimate
This was the smallest miss in the past four comparable quarters, but Precision Drilling has missed estimates in all four. The September result improved on the previous quarter’s loss. Still, negative trailing EPS and profit margin show that one better quarter doesn’t confirm a lasting recovery.
Bull case
Analysts expect next-quarter EPS of C$2.68, up from C$2.47 30 days ago. Four analysts contributed to the estimate. The revenue consensus is C$530.83 million, which would mean 14.8% year-over-year growth. The stock also closed above its 50-day and 200-day moving averages. The average analyst price target of C$161.25 is 15.2% above the C$140.02 close. These figures suggest expectations are improving, but they are forecasts, not reported results.
Bear case
Precision Drilling missed estimates in all four comparable quarters listed: EPS was C$1.65 versus C$1.72 in September, negative C$0.09 versus C$0.40 in June, C$1.34 versus C$2.31 in March, and C$1.91 versus C$2.07 in December 2025. Trailing-twelve-month EPS was negative C$2.28, and profit margin was negative 1.71%. The share price was also close to its 52-week high of C$143.81 at the latest close, making the stock sensitive to whether the company meets expectations.
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