Impact: negative as the dividend cut, even if expected, is likely to cause the stock to trade lower. Precision reported 4Q15 revenue of $345 mm, EBITDAS of $116 mm and an adjusted loss per share of -$0.04. This compares favourably to our estimated revenue of $335 mm, EBITDAS of $100 mm and a loss per share of $0.12. Consensus EBITDAS was also $100 mm. The Company positively benefited from a US$6 mm early termination payment in its International operations and one-time payments due to contractual ....
11 Feb 2016
PRECISION DRILLING (PD) - DIVIDEND ELIMINATED, BUT NOISY 4Q15 RESULTS AHEAD OF CONSENSUS
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PRECISION DRILLING (PD) - DIVIDEND ELIMINATED, BUT NOISY 4Q15 RESULTS AHEAD OF CONSENSUS
Precision Drilling Corporation (PD:TSE) | 0 0 (-1.4%) | Mkt Cap: 1,237m
- Published:
11 Feb 2016 -
Author:
Ian B. Gillies -
Pages:
3
Impact: negative as the dividend cut, even if expected, is likely to cause the stock to trade lower. Precision reported 4Q15 revenue of $345 mm, EBITDAS of $116 mm and an adjusted loss per share of -$0.04. This compares favourably to our estimated revenue of $335 mm, EBITDAS of $100 mm and a loss per share of $0.12. Consensus EBITDAS was also $100 mm. The Company positively benefited from a US$6 mm early termination payment in its International operations and one-time payments due to contractual ....