Atb Cap Markets Comments on Akita Drilling’s Q2 2024 Earnings (TSE:AKT)

Akita Drilling (TSE:AKT) – Research analysts at Atb Cap Markets issued their Q2 2024 earnings estimates for Akita Drilling in a research report issued on Tuesday, May 7th. Atb Cap Markets analyst T. Monachello forecasts that the company will post earnings of $0.03 per share for the quarter. Atb Cap Markets also issued estimates for Akita Drilling’s Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.09 EPS, FY2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.45 EPS and FY2026 earnings at $0.50 EPS.

Akita Drilling Stock Performance

Akita Drilling has a 1-year low of C$6.52 and a 1-year high of C$9.23.

Akita Drilling (TSE:AKT) last announced its quarterly earnings data on Thursday, March 21st. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The firm had revenue of C$47.32 million for the quarter, compared to analysts’ expectations of C$52.00 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.