Sidoti Analysts Lower Earnings Estimates for DTI

Key Points

• Sidoti lowered Drilling Tools International’s Q3 2026 EPS estimate to $0.06 from $0.07, while projecting $0.10 EPS for FY2026 and $0.30 for FY2027.
• DTI reported a quarterly loss of $0.02 per share, missing the $0.01-loss consensus, while revenue of $38.07 million fell short of the $38.72 million estimate.
• Analyst sentiment remains cautious, with two Hold ratings and one Sell rating producing a consensus “Reduce” recommendation and a $2.80 price target.

Drilling Tools International Corp. (NASDAQ:DTI - Free Report) - Research analysts at Sidoti cut their Q3 2026 earnings per share estimates for shares of Drilling Tools International in a research note issued on Monday, August 10th. Sidoti analyst S. Ferazani now expects that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.07. The consensus estimate for Drilling Tools International's current full-year earnings is $0.09 per share. Sidoti also issued estimates for Drilling Tools International's FY2026 earnings at $0.10 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.07 EPS and FY2027 earnings at $0.30 EPS.

Drilling Tools International (NASDAQ:DTI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). Drilling Tools International had a positive return on equity of 0.58% and a negative net margin of 1.97%.The company had revenue of $38.07 million for the quarter, compared to the consensus estimate of $38.72 million.

DTI has been the subject of several other reports. Zacks Research raised shares of Drilling Tools International from a "strong sell" rating to a "hold" rating in a report on Friday, July 10th. Weiss Ratings downgraded shares of Drilling Tools International from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued a "hold" rating and set a $2.80 target price on shares of Drilling Tools International in a research report on Sunday. Finally, Wall Street Zen cut shares of Drilling Tools International from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Drilling Tools International has an average rating of "Reduce" and a consensus price target of $2.80.

Drilling Tools International Stock Performance

NASDAQ:DTI opened at $2.28 on Tuesday. Drilling Tools International has a 12 month low of $1.65 and a 12 month high of $4.69. The firm has a market cap of $80.12 million, a price-to-earnings ratio of -25.33, a P/E/G ratio of 2.81 and a beta of -0.63. The company has a quick ratio of 1.57, a current ratio of 2.15 and a debt-to-equity ratio of 0.38. The company's 50 day moving average is $2.31 and its 200-day moving average is $3.10.

Institutional Trading of Drilling Tools International

A number of hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd increased its holdings in shares of Drilling Tools International by 52.3% during the 4th quarter. XTX Topco Ltd now owns 16,026 shares of the company's stock worth $39,000 after purchasing an additional 5,504 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Drilling Tools International in the second quarter valued at about $49,000. OMERS ADMINISTRATION Corp acquired a new stake in Drilling Tools International during the first quarter worth about $80,000. Citadel Advisors LLC acquired a new stake in Drilling Tools International during the third quarter worth about $55,000. Finally, Veradace Capital Management LLC bought a new position in Drilling Tools International during the fourth quarter valued at about $62,000. 2.79% of the stock is owned by institutional investors.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.

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