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

Valaris

23/02/2024 03:02

* Valaris Ltd  VAL.N  reported quarterly adjusted earnings
of 61
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 38
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 12 cents per share. Wall Street expected
results to range from -17 cents to 35 cents per share.
    * Revenue rose 11.6% to $483.80 million from a year ago;
analysts
expected $483.54 million. 
    * Valaris Ltd's reported EPS for the quarter was $11.30​.
    * The company reported quarterly net income of $835.2
million.
    * Valaris Ltd shares had fallen by 3.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 60.8%
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 11 "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 Valaris Ltd is
$97.50 
This summary was machine generated from LSEG data February 23 at
03:02 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
 Dec. 31 2023      0.12           0.61           Beat
 Sep. 30 2023      0.15           0.17           Beat
 Jun. 30 2023      -0.32          -0.39          Missed
 Mar. 31 2023      -0.35          0.61           Beat