Valaris Ltd reports results for the quarter ended in December - Earnings Summary

Valaris

21/02/2023 14:31

* Valaris Ltd  VAL.N  reported quarterly adjusted earnings
of 38
cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 46 cents per share.
    * Revenue rose 41.9% to $433.60 million from a year ago;
analysts
expected $426.47 million. 
    * Valaris Ltd's reported EPS for the quarter was 38 cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.9%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Valaris Ltd shares had risen by 9.2% this quarter.
    * The company reported quarterly net income of $29.2
million.
    * Wall Street's median 12-month price target for Valaris Ltd
is
$90.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
21 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.46           0.38           Missed
 Sep. 30 2022      0.37           0.98           Beat
 Jun. 30 2022      -0.09          1.48           Beat
 Mar. 31 2022      -0.84          -0.51          Beat