Noble Corporation PLC reports results for the quarter ended in September 30 - Earnings Summary

Noble

06/11/2024 03:50

* Noble Corporation PLC  NE.N  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 87 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 80 cents per share. Wall
Street expected results to range from 61 cents to 99 cents per
share.
    * Revenue rose 14.8% to $800.55 million from a year ago;
analysts
expected $749.70 million. 
    * Noble Corporation PLC's reported EPS for the quarter was
40
cents​.
    * The company reported quarterly net income of $61.22
million.
    * Noble Corporation PLC shares had fallen by 12.9% this
quarter and lost 34.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"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 48.00 
This summary was machine generated from LSEG data November 6 at
03:50 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      0.80           0.58           Missed
 Jun. 30 2024      0.63           0.72           Beat
 Mar. 31 2024      0.51           0.45           Missed
 Dec. 31 2023      0.58           0.39           Missed