Noble Corporation PLC reports results for the quarter ended in March - Earnings Summary

Noble

07/05/2024 10:38

* Noble Corporation PLC  NE.N  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 19 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 52 cents per share. Wall
Street expected results to range from 30 cents to 70 cents per
share.
    * Revenue rose 4.4% to $637.08 million from a year ago;
analysts
expected $591.87 million. 
    * Noble Corporation PLC's reported EPS for the quarter was
66
cents​.
    * The company reported quarterly net income of $95.48
million.
    * Noble Corporation PLC shares had fallen by 5.0% this
quarter and
lost 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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 "buy"
and
the breakdown of recommendations is 11 "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 "buy"

Wall Street's median 12-month price target for Noble Corporation
PLC is $60.00 
This summary was machine generated from LSEG data May 7 at 09:38
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      0.52           0.45           Missed
 Dec. 31 2023      0.58           0.39           Missed
 Sep. 30 2023      0.80           0.87           Beat
 Jun. 30 2023      0.45           0.38           Missed