Precision Net Income from 2010 to 2024
| PDS Stock | USD 66.68 1.51 2.21% |
Net Income | First Reported 1995-06-30 | Previous Quarter 146.7 M | Current Value 36.5 M | Quarterly Volatility 143.2 M |
Check Precision Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 234.3 M, Interest Expense of 118 M or Total Revenue of 1.5 B, as well as many indicators such as Price To Sales Ratio of 0.48, Dividend Yield of 0.0685 or PTB Ratio of 0.6. Precision financial statements analysis is a perfect complement when working with Precision Drilling Valuation or Volatility modules.
Precision | Net Income |
Latest Precision Drilling's Net Income Growth Pattern
Below is the plot of the Net Income of Precision Drilling over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Precision Drilling financial statement analysis. It represents the amount of money remaining after all of Precision Drilling operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Precision Drilling's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precision Drilling's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 289.24 M | 10 Years Trend |
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Net Income |
| Timeline |
Precision Net Income Regression Statistics
| Arithmetic Mean | (12,653,787) | |
| Coefficient Of Variation | (1,579) | |
| Mean Deviation | 158,471,666 | |
| Median | 6,618,000 | |
| Standard Deviation | 199,830,284 | |
| Sample Variance | 39932.1T | |
| Range | 667.1M | |
| R-Value | 0.06 | |
| Mean Square Error | 42822.9T | |
| R-Squared | 0 | |
| Significance | 0.82 | |
| Slope | 2,898,069 | |
| Total Sum of Squares | 559050T |
Precision Net Income History
Other Fundumenentals of Precision Drilling
| Net Income From Continuing Ops | ||
| Net Income Applicable To Common Shares | ||
| Net Income Per Share | ||
| Net Income Per E B T |
Precision Drilling Net Income component correlations
About Precision Drilling Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Precision Drilling income statement, its balance sheet, and the statement of cash flows. Precision Drilling investors use historical funamental indicators, such as Precision Drilling's Net Income, to determine how well the company is positioned to perform in the future. Although Precision Drilling investors may use each financial statement separately, they are all related. The changes in Precision Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Precision Drilling's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Precision Drilling Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Precision Drilling. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Income | 289.2 M | 303.7 M | |
| Net Income From Continuing Ops | 146 M | 153.3 M | |
| Net Loss | -30.9 M | -29.3 M | |
| Net Income Per Share | 21.03 | 20.56 | |
| Net Income Per E B T | 1.09 | 0.82 |
Pair Trading with Precision Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against Precision Stock
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precision Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precision Drilling to buy it.
The correlation of Precision Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precision Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Precision Stock Analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.