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

Valaris

02/05/2023 14:31

* Valaris Ltd  VAL.N  reported quarterly adjusted earnings
of 61
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 35 cents per share.
    * Revenue rose 35.1% to $430.10 million from a year ago;
analysts
expected $408.40 million. 
    * Valaris Ltd's reported EPS for the quarter was 61 cents​.
    * The mean earnings estimate of analysts had fallen by
about 180.2% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Valaris Ltd shares had fallen by 8.5% this quarter and
lost 12.0% so far this year.
    * The company reported quarterly net income of $46.7
million.
    * Wall Street's median 12-month price target for Valaris Ltd
is
$92.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.09          1.48           Beat