Borr Drilling Ltd reports results for the quarter ended in September 30 - Earnings Summary

Borr Drilling

07/11/2024 04:55

* Borr Drilling Ltd  BORR.OL  reported quarterly adjusted
earnings
of 4 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported breakeven earnings per share.  The mean expectation of
four analysts for the quarter was for earnings of 9 cents per
share. Wall Street expected results to range from 3 cents to 12
cents per share.
    * Revenue rose 26.2% to $241.60 million from a year ago;
analysts
expected $246.13 million. 
    * Borr Drilling Ltd's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $9.7 million.
    * Borr Drilling Ltd shares had fallen by 23.7% this
quarter and
lost 42.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.9%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
drilling
peer group is  "buy."

Wall Street's median 12-month price target for Borr Drilling Ltd
is 9.50 
This summary was machine generated from LSEG data November 7 at
04:55 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
 Sep. 30 2024      0.09           0.04           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