Precision Drilling heads into its third-quarter report with a higher EPS forecast than a month ago. But after missing estimates in four straight quarters, the bar is worth watching.
Precision Drilling Corporation (TSX: PD, or PD.TO) is scheduled to report results after markets close on October 27, 2026. The report covers the quarter ended September 30. The latest consensus forecast is C$2.68 in EPS, up from C$2.47 a month ago, based on estimates from four analysts. Revenue consensus is C$530.83 million. The year-over-year EPS comparison is against a loss of C$0.51, so the forecast does not guarantee a return to profitability. Precision Drilling missed EPS estimates in each of its last four reported quarters, including a C$0.09 loss against an estimate of C$0.40 in June. Follow updates on the Precision Drilling stock page.
Recent earnings trend
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Precision Drilling Corporation
PD.TO
PD.TO
Precision Drilling Corporation
WealthAwesomeMarket cap
$1.63B
52W high
$143.81
52W low
$78.76
1W change
+7.44%
Beta
1.45
Analyst Price Targets
Based on analyst covering PD · as of Oct 22, 2026
Wall Street analysts forecast PD stock price to rise 23.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$156.88
+23.4% Upside
Previously C$152.63 on Sep 23, 2026
Current Price
C$127.08
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
37.0%
Annualized
90-Day Vol
39.9%
Annualized
Trend (90d)
+47.4%
Annualized drift
90d Mean
C$150.50
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$134.45 | C$118.34 – C$152.76 |
| 60 trading days | C$142.25 | C$118.75 – C$170.39 |
| 90 trading days | C$150.50 | C$120.64 – C$187.74 |
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 | — | 1.7200 | — |
| 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% |
Investor takeaway: The October 27 report will show whether Precision Drilling can deliver the earnings recovery analysts expect. Revenue growth offers another measure of operating momentum. The EPS forecast has risen over the past month, but recent misses and negative trailing EPS make the actual results and outlook more important than the year-over-year growth rate alone.
C$2.68 in forecast EPS
Four analysts expect EPS of C$2.68 for the quarter ended September 30, up from C$2.47 a month ago. The year-ago quarter had a C$0.51 loss. Precision Drilling has missed estimates in each of its last four reported quarters, so the upcoming results will show whether the expected recovery is taking hold.
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Bull case
Analysts expect revenue of C$530.83 million, up 14.8% from a year earlier, and EPS of C$2.68, compared with a loss in the year-ago quarter. EPS estimates have risen from C$2.47 over the past month, with four upward revisions and one downward revision. Company updates point to its drilling rigs, automation and real-time data tools, including record-low mechanical downtime in Canada and the U.S. The results may show whether those operating improvements are contributing to earnings.
Bear case
Precision Drilling has missed EPS estimates in each of its last four reported quarters. Actual EPS ranged from a C$0.51 loss to C$1.91, below estimates each time. The company also reported trailing EPS of negative C$2.39 and a negative 1.71% profit margin in the supplied fundamentals snapshot. The projected year-over-year EPS increase partly reflects a comparison with a loss, so the headline growth rate alone does not show whether profitability will last.
Analysis
Precision Drilling is due to report after markets close on October 27 for the quarter ended September 30. The current EPS consensus is C$2.68, based on four analysts, with estimates ranging from C$1.89 to C$4.10. Five analysts expect revenue of C$530.83 million, up 14.8% from a year earlier. EPS estimates have risen from C$2.47 over the past month, with four upward revisions and one downward revision. These are forecasts, not results. The key question is whether the company can turn expected revenue growth into the earnings recovery analysts anticipate.
Analysis
Precision Drilling has missed EPS estimates in each of its last four reported quarters. For the quarter ended June 30, it reported a C$0.09 loss against an estimate of C$0.40. In March, EPS was C$1.34 versus C$2.31. The December 2025 result was C$1.91 against C$2.07, while September 2025 brought a C$0.51 loss versus an estimate of C$1.19. Because the year-ago quarter had a loss, the projected 624.9% EPS growth rate starts from a weak base. Investors should consider reported EPS alongside revenue and any comments on operating conditions. The automatically inserted earnings trend table and chart show the quarter-by-quarter record; this preview does not repeat them.
Analysis
Precision Drilling provides contract drilling, completion and production services. Its activity depends on customers’ decisions about drilling and field work. Recent company coverage describes its rigs, automation and real-time data systems as tools to support uptime and well performance. The upcoming report may help investors assess whether these efforts are reflected in revenue and earnings, but the available information does not establish what management will report or say. For company information and updates, visit the Precision Drilling stock page. Analyst targets are in the analyst ratings section. The Wealth Awesome price forecast is a statistical model, not financial advice.
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