$5.24 Million in Sales Expected for Superior Drilling Products, Inc. (SDPI) This Quarter
Equities research analysts expect Superior Drilling Products, Inc. (NASDAQ:SDPI) to announce sales of $5.24 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Superior Drilling Products’ earnings. The highest sales estimate is $5.64 million and the lowest is $4.83 million. Superior Drilling Products reported sales of $4.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.9%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 9th.
According to Zacks, analysts expect that Superior Drilling Products will report full year sales of $22.44 million for the current financial year, with estimates ranging from $22.09 million to $22.78 million. For the next fiscal year, analysts forecast that the company will report sales of $26.09 million, with estimates ranging from $24.85 million to $27.33 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Superior Drilling Products.
Superior Drilling Products (NASDAQ:SDPI) last announced its earnings results on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $3.48 million during the quarter, compared to the consensus estimate of $4.84 million.
Shares of Superior Drilling Products stock traded down $0.05 during trading on Wednesday, reaching $1.12. The company’s stock had a trading volume of 87,394 shares, compared to its average volume of 151,683. Superior Drilling Products has a 12-month low of $1.02 and a 12-month high of $5.05.
Superior Drilling Products Company Profile
Superior Drilling Products, Inc, a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. It is involved in the design and manufacture of new drill bit and horizontal drill string enhancement tools; and the refurbishment of polycrystalline diamond compact drill bits for the oil, natural gas, and mining service industries.
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