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

Borr Drilling

23/05/2024 09:22

* Borr Drilling Ltd  BORR.OL  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of -3 cents.  The mean expectation of three analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 12 cents to 17 cents per share.
    * Revenue rose 36% to $234.00 million from a year ago;
analysts
expected $230.00 million. 
    * Borr Drilling Ltd's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $14.4
million.
    * Borr Drilling Ltd shares had fallen by 14.9% this
quarter and
lost 20.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 39.7%
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 "hold"
and
the breakdown of recommendations is no "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 "hold"

Wall Street's median 12-month price target for Borr Drilling Ltd
is $9.00 
This summary was machine generated from LSEG data May 23 at
08:22 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
 Mar. 31 2024      0.15           0.06           Missed
 Dec. 31 2023      0.11           0.11           Met
 Sep. 30 2023      0.07           0.00           Missed
 Jun. 30 2023      0.06           0.00           Missed