Valaris Ltd expected to post earnings of 5 cents a share - Earnings Preview

Valaris

30/04/2024 14:05

* Valaris Ltd  VAL.N   VAL  is expected to show a rise in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Hamilton Bermuda-based   company is expected to report
a
15.8% increase in revenue to $498.214 million from $430.1
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Valaris Ltd is for
earnings of
5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 37.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Valaris Ltd
is
$96.50​, above​ its last closing price of $69.08. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.12        0.12       0.61      Beat    411.4
 Sep. 30 2023  0.14        0.15       0.17      Beat    14.7
 Jun. 30 2023  -0.32       -0.32      -0.39     Missed  -20.2​
 Mar. 31 2023  -0.39       -0.35      0.61      Beat    271.8
 ​​Dec.        0.40        0.49       0.38      Missed  -23.1
 31 2022                                                
 Sep. 30 2022  0.34        0.37       0.98      Beat    168.5​
 Jun. 30 2022  -0.19       -0.09      1.48      Beat    1,807.
                                                        6
 Mar. 31 2022  -0.89       -0.84      -0.51     Beat    39.3
 This summary was machine generated April 30 at 13:05 GMT.  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)