Helmerich and Payne Inc (HP) FY2024Q3 Earning Prediction
Helmerich and Payne Inc (HP) is set to release its earnings performance on 07/24 ET in trading. Consensus forecasts predict a revenue of 672.69M and an earnings per share (EPS) of 0.77 for the . With Intellectia's exclusive AI algorithms, users can predict whether the earnings will beat or miss expectations before the report drops. Leverage this powerful tool to strategize and position your trades ahead of the earnings release!
Earnings Surprise Analysis
HP Transcript
The earnings call highlights strong operational performance with $1 billion revenue and free cash flow generation. However, the net loss per share and non-cash impairment charges raise concerns. Positive outlooks in Saudi Arabia and North America are offset by management's vague responses on future guidance and specific metrics, leading to uncertainty. Given the market cap of $3.5 billion, the stock is likely to experience a neutral reaction, with minor fluctuations within the -2% to 2% range over the next two weeks.
The earnings call shows strong financial performance with North America and International margins above guidance. Despite some uncertainties in the Q&A, such as unquantified reactivation costs, the company has a positive outlook on rig reactivation and technology expansion. The market cap indicates moderate sensitivity, and the positive guidance and strategic plans are likely to lead to a stock price increase of 2% to 8% over the next two weeks.
The earnings call presents a mixed picture: while EBITDA and some margins improved, rig counts and capital expenditures declined. The Q&A section highlights growth potential but lacks clarity on timelines and specifics, particularly for international expansion. The market cap suggests moderate sensitivity to these factors, resulting in a neutral sentiment.
The earnings call reflects challenges such as rig suspensions, integration issues, and market volatility. Despite stable revenues and adequate liquidity, the lack of clear guidance on Saudi operations and potential rig suspensions, coupled with cautious outlooks for Q4, suggest negative sentiment. Management's vague responses in the Q&A further contribute to uncertainty. The market cap indicates moderate reaction sensitivity, leading to a negative stock price prediction.
HP Report
Frequently Asked Questions
What is the Helmerich and Payne Inc FY2024Q3 Earnings Release Date and Time?
Helmerich and Payne Inc (HP) is scheduled to release its FY2024Q3 earnings report onJul 24, 2024, (approximately 4:00 PM ET). This timing allows investors to react during after-hours trading, with a conference call typically following shortly after.
What Are the Consensus Forecasts for Helmerich and Payne Inc FY2024Q3 Revenue and EPS?
Analysts' consensus predicts 672.69M in revenue and an EPS of 0.77 for Helmerich and Payne Inc's FY2024Q3.
What Does Intellectia's AI Predict for Helmerich and Payne Inc FY2024Q3 Earnings?
Intellectia's exclusive AI algorithms forecast a forHelmerich and Payne Inc's FY2024Q3 earnings, with a prediction date of Jul 24, 2024. Helmerich and Payne Inc
How Can I Use This Earnings Prediction to Trade HP Stock?
Leverage Intellectia's AI forecast to position trades ahead of theJul 24, 2024 release—consider calls for a beat scenario or protective puts for misses. Focus on pre-market volatility, and use the scenario probabilities to build strategies around revenue and guidance updates.
How Accurate Is Intellectia's AI for Earnings Predictions Like Helmerich and Payne Inc FY2024Q3?
Intellectia's predictions are backed by rigorous backtesting, showing a high hit rate for Beat and Miss calls compared to traditional analysis. While no forecast is 100% certain, we provide probability-based scenarios (e.g., 50% chance of a *Beat*) and detailed rationales to help you make informed decisions. Combine our insights with your strategy for the best results—it's like having a co-pilot for earnings season! Empowering users to strategize trades before reports drop.
How does AI Earnings Prediction generate its forecasts?
AI Earnings Prediction uses advanced Large Language Models (LLMs) to analyze a wealth of data, including past earnings transcripts, real-time market sentiment, analyst insights, and company news from the last three months. It focuses on key indicators like revenue, EPS, and margins to predict whether a company will *Beat*, *Miss*, or remain Neutral relative to market expectations. Think of it as a super-smart analyst crunching numbers and news 24/7 to give you a trading edge!
When are the predictions available, and how often are they updated?
Predictions are generated two days before a company’s earnings release (e.g., 5:00 PM ET on Feb 13 for a Feb 15 report) to capture the latest market and company data. They’re updated in real-time if significant news breaks, ensuring you get fresh insights.
Can I use AI Earnings Prediction for all types of stocks?
Currently, AI Earnings Prediction focuses on companies with market caps above $40 billion, covering major players like SPG, AAPL, MSFT, and NVDA for the 2025-2026 earnings seasons. We prioritize high-impact stocks with robust data to ensure reliable forecasts. Stay tuned as we expand coverage to more companies based on user demand!
