Dril-Quip Inc. (NYSE: DRQ) has reported E.P.S. of $0.05 for its fourth fiscal quarter (ending December 31) versus $-0.01 for the same period a year ago. Relative to the consensus estimate of $0.18, this was a shortfall of $-0.13. For the latest four quarters through December 31, E.P.S. were $0.02 compared to $-0.05 a year ago.
Recent Price Action
Dril-Quip Inc. (NYSE: DRQ) stock closed at $21.34 on 2/26/24 after a modest gain of 0.4%. This advance was accompanied by normal trading volume. The stock has risen 0.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DRQ is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Dril-Quip has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock's attractiveness. Dril-Quip has a neutral Appreciation Score of 48 but a poor Power Rating of 26, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.