Consensus revenue is expected to be $987.7 million with EPS of $0.11, while the current share price of $34.57 sits significantly below the average analyst target of $39.80.
Investors are primarily focused on the recovery of the North America Solutions (NAS) segment, particularly the average active rig count and direct margins.
The company is coming off a wider-than-expected loss in fiscal Q2 due to soft drilling activity and elevated reactivation costs in its Middle East operations.
Management has guided for a rebound in North American activity to 137–143 active rigs for the quarter as commodity prices stabilize and DUC well inventories reach multi-year lows.