Over the three months to March, the circuitmaker earned 41 cents a share, 9 cents higher than analysts polled by Thomson Reuters had expected.
Revenue of $149.66 million came in higher than estimates of $143.01 million.
TheStreet Ratings team rates HELMERICH & PAYNE as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate HELMERICH & PAYNE (HP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: HP Ratings Report