Zacks: Analysts Anticipate Superior Drilling Products, Inc. (NASDAQ:SDPI) Will Announce Quarterly Sales of $5.99 Million

Brokerages expect that Superior Drilling Products, Inc. (NASDAQ:SDPI) will post sales of $5.99 million for the current quarter, Zacks reports. Two analysts have made estimates for Superior Drilling Products’ earnings, with estimates ranging from $5.36 million to $6.61 million. Superior Drilling Products reported sales of $5.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The business is expected to report its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that Superior Drilling Products will report full-year sales of $22.03 million for the current year. For the next fiscal year, analysts expect that the firm will post sales of $25.89 million, with estimates ranging from $24.45 million to $27.33 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Superior Drilling Products.

Superior Drilling Products (NASDAQ:SDPI) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.04 million during the quarter, compared to analysts’ expectations of $5.24 million.

Separately, Dougherty & Co reiterated a “buy” rating on shares of Superior Drilling Products in a research report on Wednesday, May 22nd.

Shares of SDPI stock traded up $0.02 during trading hours on Thursday, reaching $0.99. The company’s stock had a trading volume of 62,887 shares, compared to its average volume of 125,959. Superior Drilling Products has a one year low of $0.88 and a one year high of $5.05. The business’s fifty day moving average is $1.06.

About Superior Drilling Products

Superior Drilling Products, Inc, a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States and internationally. It is involved in the design and manufacture of new drill bit and horizontal drill string enhancement tools; and the refurbishment of polycrystalline diamond compact drill bits for the oil, natural gas, and mining service industries.

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