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

Borr Drilling

15/08/2024 06:26

* Borr Drilling Ltd  BORR.OL  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
three analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 17 cents to 21
cents per share.
    * Revenue rose 45% to $271.90 million from a year ago;
analysts
expected $244.00 million. 
    * Borr Drilling Ltd's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $31.7
million.
    * Borr Drilling Ltd shares had risen by 0.6% this
quarter and
lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 August 15 at
05:26 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
 Jun. 30 2024      0.19           0.12           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