Why Is Dril-Quip (DRQ) Up 26.2% Since Last Earnings Report?

by Newsfeed

It has been about a month since the last earnings report for Dril-Quip (DRQ). Shares have added about 26.2% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Dril-Quip due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Dril-Quip Misses on Q1 Earnings & Revenue Estimates

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