-$0.01 Earnings Per Share Expected for Superior Drilling Products, Inc. (NASDAQ:SDPI) This Quarter

Wall Street analysts expect Superior Drilling Products, Inc. (NASDAQ:SDPI) to report ($0.01) earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Superior Drilling Products’ earnings, with estimates ranging from ($0.02) to $0.00. Superior Drilling Products reported earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 80%. The firm is expected to issue its next earnings results on Thursday, March 5th.

According to Zacks, analysts expect that Superior Drilling Products will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.06) to ($0.04). For the next year, analysts forecast that the business will post earnings of $0.04 per share, with EPS estimates ranging from $0.00 to $0.08. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Superior Drilling Products.

Superior Drilling Products (NASDAQ:SDPI) last released its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $5.08 million during the quarter, compared to analyst estimates of $4.94 million.

SDPI traded up $0.03 during trading on Tuesday, reaching $0.82. The stock had a trading volume of 34,000 shares, compared to its average volume of 20,022. Superior Drilling Products has a one year low of $0.75 and a one year high of $2.20. The business has a 50-day moving average of $0.85 and a 200-day moving average of $0.89.

About Superior Drilling Products

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.

Further Reading: What is a dividend reinvestment plan?

Get a free copy of the Zacks research report on Superior Drilling Products (SDPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Superior Drilling Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Drilling Products and related companies with MarketBeat.com's FREE daily email newsletter.