What Does The Future Hold For Drilling Tools International Corporation (NASDAQ:DTI)? These Analysts Have Been Cutting Their Estimates [Yahoo! Finance]
Drilling Tools International Corporation (DTI)
Company Research
Source: Yahoo! Finance
There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. Following the downgrade, the latest consensus from Drilling Tools International's three analysts is for revenues of US$161m in 2024, which would reflect a solid 9.0% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$180m in 2024. The consensus view seems to have become more pessimistic on Drilling Tools International, noting the substantial drop in revenue estimates in this update. See our latest analysis for Drilling Tools International Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. For example, we noticed that Drilling Tools International's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 19% grow
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DTI
News
- Drilling Tools International Corp. to Participate in the 2024 Barclays CEO Energy-Power ConferencePR Newswire
- Drilling Tools International's (NASDAQ:DTI) Weak Earnings Might Be Worse Than They Appear [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. to Webcast EnerCom Denver Energy Conference Presentation on August 20th at 10:30 a.m. EDTPR Newswire
- Drilling Tools International Corporation (DTI) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Drilling Tools International Co. (NASDAQ: DTI) had its price target lowered by analysts at Alliance Global Partners from $8.50 to $7.50. They now have a "buy" rating on the stock.MarketBeat
DTI
Earnings
- 8/6/24 - Miss
DTI
Sec Filings
- 9/13/24 - Form S-3
- 8/9/24 - Form 10-Q
- 8/6/24 - Form 8-K
- DTI's page on the SEC website