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

Valaris

02/05/2024 14:32

* Valaris Ltd  VAL.N  reported quarterly adjusted earnings
of 35
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 61
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from -15 cents to 40 cents per share.
    * Revenue rose 22.1% to $525.00 million from a year ago;
analysts
expected $498.21 million. 
    * Valaris Ltd's reported EPS for the quarter was 35 cents​.
    * The company reported quarterly net income of $25.5
million.
    * Valaris Ltd shares had fallen by 14.9% this quarter and
lost 6.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 80.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * Wall Street's median 12-month price target for Valaris Ltd
is
$96.50 

This summary was machine generated from LSEG data May 2 at 01:32
p.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
 Mar. 31 2024      0.05           0.35           Beat
 Dec. 31 2023      0.12           0.61           Beat
 Sep. 30 2023      0.15           0.17           Beat
 Jun. 30 2023      -0.32          -0.39          Missed