INDEPENDENCE CONTRACT DRILLI (ICD) Forecast, Price Target & Analyst Ratings

NYSE:ICDUS4534156066

Current stock price

0.5858 USD
-0.06 (-9.88%)
At close:
0.555 USD
-0.03 (-5.26%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for INDEPENDENCE CONTRACT DRILLI (ICD).

Forecast Snapshot

Consensus Price Target

Price Target
$3.57
+ 509.42% Upside

Next Earnings Forecast

Earnings Estimate
Release Date
Oct 30, 2024
Period
Q3 / 2024
EPS Estimate
-$0.70
Revenue Estimate
37.366M

ChartMill Buy Consensus

Rating
80.00%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
$3.57
Upside
+ 509.42%
From current price of $0.59 to mean target of $3.57, Based on 5 analyst forecasts
Low
$3.03
Median
$3.57
High
$4.20

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

5 Wall Street analysts provided a forecast for the next 12 months for ICD. The average price target is 3.57 USD. This implies a price increase of 509.42% is expected in the next year compared to the current price of 0.5858.

Analyst Ratings & History

Current Analyst Ratings

ICD Current Analyst RatingICD Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 0.5 1 1.5 2 2.5

Analyst Ratings History

ICD Historical Analyst RatingsICD Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6

Analyst Ratings Consensus

ChartMill Buy Consensus
80.00%
ICD was analyzed by 5 analysts. The buy percentage consensus is at 80. So analysts seem to be have mildly positive about ICD.
In the previous month the buy percentage consensus was at a similar level.
Only 5 analysts analyzed ICD. So this is just the average opinion of a couple of analysts.

Recent Upgrades & Downgrades

Next Earnings Forecast Details

Next Earnings Details

Release Date
Oct 30, 2024
Period
Q3 / 2024
EPS Estimate
-$0.70
Revenue Estimate
37.366M
Revenue Q2Q
-15.39%
EPS Q2Q
-89.17%
Number of Analysts
4

Next Earnings Revisions

Revenue (1 Month)
-14.34%
Revenue (3 Months)
-18.05%
EPS (1 Month)
-48.55%
EPS (3 Months)
-25.02%

Next Earnings Summary

ICD is expected to report earnings on 10/30/2024. The consensus EPS estimate for the next earnings is -0.7 USD and the consensus revenue estimate is 37.37M USD.
The next earnings revenue estimate has been revised downward by 18.05% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.

Full Analyst Estimates 2024 - 2025

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025
Revenue
YoY % growth
ICD revenue by date.ICD revenue by date.
88M
5.52%
186.7M
112.16%
210.106M
12.54%
168.1M
-19.99%
179.56M
6.82%
EBITDA
YoY % growth
ICD ebitda by date.ICD ebitda by date.
-3.68M
-181.42%
38.54M
1,147.28%
54.769M
42.11%
42.324M
-22.72%
57.933M
36.88%
EBIT
YoY % growth
ICD ebit by date.ICD ebit by date.
-42.6M
-8.12%
-1.9M
95.54%
11.226M
690.84%
-3.434M
-130.59%
11.211M
426.47%
Operating Margin
ICD operating margin by date.ICD operating margin by date.
-48.41%-1.02%5.34%-2.04%6.24%
EPS
YoY % growth
ICD eps by date.ICD eps by date.
-8.04
26.44%
N/A
29.43%
-0.91
83.96%
-1.90
-108.77%
-1.57
17.30%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth
-0.70
-89.17%
-0.34
44.86%
-0.31
37.28%
-0.27
62.57%
-0.22
69.12%
-0.18
47.75%
Revenue
Q2Q % growth
37.366M
-15.39%
44.96M
-1.90%
45.254M
-2.96%
48.269M
11.41%
51.983M
39.12%
55.108M
22.57%
EBITDA
Q2Q % growth
6.678M
-79.18%
11.24M
-72.30%
12.716M
10.74%
13.879M
-30.21%
15.204M
127.67%
16.133M
43.53%
EBIT
Q2Q % growth
-5.404M
-1,186.55%
4.159M
240.27%
1.01M
394.46%
4.04M
189.58%
4.141M
176.64%
3.838M
-7.72%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

ICD Yearly Revenue VS EstimatesICD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
ICD Yearly EPS VS EstimatesICD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -2 -4 -6 -8 -10

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
N/A
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
N/A
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A

INDEPENDENCE CONTRACT DRILLI / ICD Forecast FAQ

Can you provide the average price target for INDEPENDENCE CONTRACT DRILLI stock?

5 analysts have analysed ICD and the average price target is 3.57 USD. This implies a price increase of 509.42% is expected in the next year compared to the current price of 0.5858.

What is the next earnings date for ICD stock?

INDEPENDENCE CONTRACT DRILLI (ICD) will report earnings on 2024-10-30, after the market close.

Can you provide the consensus estimates for INDEPENDENCE CONTRACT DRILLI next earnings?

The consensus EPS estimate for the next earnings of INDEPENDENCE CONTRACT DRILLI (ICD) is -0.7 USD and the consensus revenue estimate is 37.37M USD.

Can you provide the consensus rating for INDEPENDENCE CONTRACT DRILLI stock?

The consensus rating for INDEPENDENCE CONTRACT DRILLI (ICD) is 80 / 100 . This indicates that analysts generally have a positive outlook on the stock.