Borr Drilling Ltd reports results for the quarter ended in December - Earnings Summary

Borr Drilling

23/02/2024 03:09

* Borr Drilling Ltd  BORR.OL  reported quarterly adjusted
earnings
of 11 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -9 cents.  The mean expectation of five analysts
for the quarter was for earnings of 9 cents per share. Wall
Street expected results to range from 5 cents to 15 cents per
share.
    * Revenue rose 48.5% to $220.60 million from a year ago;
analysts
expected $210.82 million. 
    * Borr Drilling Ltd's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $28.4
million.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
drilling
peer group is also "buy"

Wall Street's median 12-month price target for Borr Drilling Ltd
is NOK106.50 
This summary was machine generated from LSEG data February 23 at
03:07 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.09           0.11           Beat
 Sep. 30 2023      0.07           0.00           Missed
 Jun. 30 2023      0.07           0.00           Missed
 Mar. 31 2023      0.03           -0.03          Missed