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

Borr Drilling

23/05/2023 08:31

* Borr Drilling Ltd  BORR.OL  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
one cent per share.
    * Revenue rose 109.8% to $172.00 million from a year ago;
analysts
expected $177.00 million. 
    * Borr Drilling Ltd's reported EPS for the quarter was a
loss of 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 71.4%
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 fallen by 3.7% this
quarter and
gained 46.9% so far this year.
    * The company reported a quarterly loss of $7.4 million.
    * Wall Street's median 12-month price target for Borr
Drilling Ltd
is $9.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
23 at 07:30 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.26          -1.09          Missed