Zacks: Analysts Anticipate Superior Drilling Products, Inc. (NASDAQ:SDPI) Will Announce Quarterly Sales of $5.12 Million

Equities analysts expect that Superior Drilling Products, Inc. (NASDAQ:SDPI) will report sales of $5.12 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Superior Drilling Products’ earnings, with the lowest sales estimate coming in at $4.78 million and the highest estimate coming in at $5.45 million. Superior Drilling Products reported sales of $4.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The firm is scheduled to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Superior Drilling Products will report full year sales of $19.39 million for the current year. For the next fiscal year, analysts expect that the firm will report sales of $22.61 million, with estimates ranging from $20.63 million to $24.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Superior Drilling Products.

Superior Drilling Products (NASDAQ:SDPI) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The company had revenue of $4.54 million during the quarter, compared to the consensus estimate of $5.30 million.

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

SDPI traded up $0.03 on Friday, hitting $0.89. The company had a trading volume of 26,200 shares, compared to its average volume of 120,476. Superior Drilling Products has a 12-month low of $0.82 and a 12-month high of $5.05. The company’s fifty day moving average is $0.98.

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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