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

Noble

31/10/2023 21:02

* Noble Corporation PLC  NE.N  reported quarterly adjusted
earnings of 87 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 50 cents.The mean expectation of
eight analysts for the quarter was for earnings of 80 cents per
share. Wall Street expected results to range from 53 cents to 99
cents per share.
    * Revenue rose 128% to $697.45 million from a year ago;
analysts
expected $643.48 million. 
    * Noble Corporation PLC's reported EPS for the quarter was
$1.09​.
    * The company reported quarterly net income of $158.32
million.
    * Noble Corporation PLC shares had fallen by 7.9% this
quarter and
gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, two 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," no
"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 October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.80           0.87           Beat
 Jun. 30 2023      0.45           0.38           Missed
 Mar. 31 2023      0.17           0.19           Beat
 Dec. 31 2022      0.54           0.41           Missed