Akita Drilling Q3 EPS Forecast Lowered by Atb Cap Markets

Akita Drilling (TSE:AKT) – Research analysts at Atb Cap Markets reduced their Q3 2024 earnings estimates for Akita Drilling in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.09.

Akita Drilling Stock Performance

Akita Drilling has a 12-month low of C$6.52 and a 12-month high of C$9.23.

Akita Drilling (TSE:AKT) last released its quarterly earnings results on Tuesday, July 30th. The company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). The firm had revenue of C$38.34 million for the quarter, compared to analysts’ expectations of C$41.00 million.

About Akita Drilling

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada.