Valaris Ltd reports results for the quarter ended in September 30 - Earnings Summary

Valaris

31/10/2024 02:50

* Valaris Ltd  VAL.N  reported quarterly adjusted earnings
of 88
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 17 cents.  The mean expectation of ten analysts for the
quarter was for earnings of $1.04 per share. Wall Street
expected results to range from 93 cents to $1.13 per share.
    * Revenue rose 41.3% to $643.10 million from a year ago;
analysts
expected $615.24 million. 
    * Valaris Ltd's reported EPS for the quarter was 88 cents​.
    * The company reported quarterly net income of $64.6
million.
    * Valaris Ltd shares had fallen by 13.0% this quarter and
lost 29.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 3
"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
78.00 
This summary was machine generated from LSEG data October 31 at
02:49 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
 Sep. 30 2024      1.04           0.88           Missed
 Jun. 30 2024      0.71           2.03           Beat
 Mar. 31 2024      0.05           0.35           Beat
 Dec. 31 2023      0.12           0.61           Beat