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

Valaris

02/08/2023 14:31

* Valaris Ltd  VAL.N  reported a quarterly adjusted loss
of 39
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for a loss
of 32 cents per share.
    * Revenue rose 0.5% to $415.20 million from a year ago;
analysts
expected $406.38 million. 
    * Valaris Ltd's reported EPS for the quarter was a loss
of 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Valaris Ltd shares had risen by 20.6% this quarter and
gained 12.3% so far this year.
    * The company reported a quarterly loss of $29.4 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 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.32          -0.39          Missed
 Mar. 31 2023      -0.35          0.61           Beat
 Dec. 31 2022      0.49           0.38           Missed
 Sep. 30 2022      0.37           0.98           Beat