How did PDS's Q4 2023 earnings surprise analysts?

Precision Drilling's (PDS) Q4 2023 earnings did not seem to surprise analysts in a significant way, as evidenced by the lack of available data on earnings surprises. The company's Q4 2023 earnings release date was April 23, 2025, and the latest report period was for Q4 2024. Therefore, the Q4 2023 earnings report did not trigger any post-market or intraday movements, as reflected by the absence of data on a post-market percentage change on April 24, 2025, or any percentage change on April 25, 2025.

However, the company's Q4 2024 earnings did exhibit some unexpected elements. Although PDS's Q4 2024 earnings per share (EPS) of $1.06 missed analysts' expectations of $2.33, the company's revenue of $468.17 million was only slightly below the forecasted $512.27 million. This performance was characterized more by a stable revenue year-over-year and a decrease in adjusted EBITDA than by a surprising shortfall.