Dril-Quip, Inc. (DRQ)

Dril-Quip Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Dril-Quip stock have an average target of 31, with a low estimate of 22 and a high estimate of 40. The average target predicts an increase of 62.30% from the current stock price of 19.10.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$22	$31	$40	$40
Change	+15.18%	+62.30%	+109.42%	+109.42%

* Price targets were last updated on Feb 29, 2024.

Analyst Ratings

The average analyst rating for Dril-Quip stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	1	1	1
Hold	0	0	0	0	0	0
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	1	1	1	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Anderson Barclays	Barclays	Sell Maintains $23 → $22	Sell	Maintains	$23 → $22	+15.18%	Feb 29, 2024
James West Evercore ISI Group	Evercore ISI Group	Buy Maintains $44 → $40	Buy	Maintains	$44 → $40	+109.42%	Feb 28, 2024
David Anderson Barclays	Barclays	Sell Maintains $26 → $23	Sell	Maintains	$26 → $23	+20.42%	Nov 2, 2023
David Anderson Barclays	Barclays	Sell Maintains $25 → $26	Sell	Maintains	$25 → $26	+36.13%	Aug 3, 2023
David Anderson Barclays	Barclays	Sell Maintains $27 → $25	Sell	Maintains	$27 → $25	+30.89%	May 12, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

501.97M

Increased by 18.37%

from 424.06M

Revenue Next Year

556.01M

Increased by 10.77%

from 501.97M

EPS This Year

0.69

Increased by 3,326.42%

from 0.02

EPS Next Year

1.00

Increased by 46.43%

from 0.69

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	414.81M	364.97M	322.45M	361.92M	424.06M	501.97M	556.01M	564.59M	724.17M	766.59M
Revenue Growth	7.85%	-12.01%	-11.65%	12.24%	17.17%	18.37%	10.77%	1.54%	28.26%	5.86%
EPS	0.05	-0.87	-3.63	-0.05	0.02	0.69	1.00	1.29	1.47	1.66
EPS Growth	-	-	-	-	-	3,326.42%	46.43%	28.84%	14.06%	12.33%
No. Analysts	-	-	-	-	-	4	4	3	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	524.0M	603.8M	587.0M	752.9M	797.0M
Avg	502.0M	556.0M	564.6M	724.2M	766.6M
Low	485.1M	515.5M	547.8M	702.7M	743.8M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	23.6%	20.3%	5.6%	33.3%	10.1%
Avg	18.4%	10.8%	1.5%	28.3%	5.9%
Low	14.4%	2.7%	-1.5%	24.5%	2.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.74	1.12	1.34	1.53	1.72
Avg	0.69	1.00	1.29	1.47	1.66
Low	0.64	0.90	1.25	1.43	1.61

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	3,575.0%	63.9%	33.9%	18.6%	16.8%
Avg	3,326.4%	46.4%	28.8%	14.1%	12.3%
Low	3,119.3%	31.1%	25.0%	10.7%	9.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.