Earnings Troubles May Signal Larger Issues for Drilling Tools International (NASDAQ:DTI) Shareholders [Yahoo! Finance]
Drilling Tools International Corporation (DTI)
Company Research
Source: Yahoo! Finance
We think that investors are worried about some weaknesses underlying the earnings. See our latest analysis for Drilling Tools International In order to understand the potential for per share returns, it is essential to consider how much a company is diluting shareholders. As it happens, Drilling Tools International issued 17% more new shares over the last year. That means its earnings are split among a greater number of shares. To celebrate net income while ignoring dilution is like rejoicing because you have a single slice of a larger pizza, but ignoring the fact that the pizza is now cut into many more slices. You can see a chart of Drilling Tools International's EPS by clicking here Three years ago, Drilling Tools International lost money. And even focusing only on the last twelve months, we see profit is down 52%. Like a sack of potatoes thrown from a delivery truck, EPS fell harder, down 74% in the same period. Therefore, the dilution is having a noteworthy influence on sha
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DTI
News
- Drilling Tools International Co. (NASDAQ: DTI) had its price target lowered by analysts at Alliance Global Partners from $7.50 to $5.50. They now have a "buy" rating on the stock.MarketBeat
- Drilling Tools International Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. (DTI) Beats Q3 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. Reports 2024 Third Quarter ResultsPR Newswire
- Drilling Tools International Corp (DTI) Q3 2024 Earnings Report Preview: What to Expect [Yahoo! Finance]Yahoo! Finance
DTI
Earnings
- 11/13/24 - Beat
DTI
Sec Filings
- 11/27/24 - Form 4
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- DTI's page on the SEC website