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

Borr Drilling

17/08/2023 13:00

* Borr Drilling Ltd  BORR.OL  reported quarterly breakeven
results​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
8 cents per share.
    * Revenue rose 78.1% to $187.50 million from a year ago;
analysts
expected $176.50 million. 
    * Borr Drilling Ltd's reported EPS for the quarter was
breakeven
results​.
    * The mean earnings estimate of analysts had risen by
about 700%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Borr Drilling Ltd shares had risen by 5.6% this
quarter and
gained 60.0% so far this year.
    * The company reported quarterly net income of $800
thousand.
    * Wall Street's median 12-month price target for Borr
Drilling Ltd
is $9.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 17 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.08           0.00           Missed
 Mar. 31 2023      0.01           -0.03          Missed
 Dec. 31 2022      -0.09          -0.09          Met
 Sep. 30 2022      -0.23          -0.30          Missed