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VAL — Valaris News Story

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

Valaris Ltd VAL.N reported quarterly adjusted earnings of $1.61​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.03.  The mean expectation of ten analysts for the quarter was for earnings of $1.26 per share. Wall Street expected results to range from $1.09  to $1.45 per share.

Revenue rose 0.8% to $615.20 million from a year ago; analysts expected $582.86 million.

Valaris Ltd's reported EPS for the quarter was $1.61​.

The company reported quarterly net income of $115.1 million.

Valaris Ltd shares had risen by 15.6% this quarter and gained 10.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 2.6% 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 8 "strong buy" or "buy," 5 "hold" and 1 "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 $50.00, about 2.6% above its last closing price of $48.69

This summary was machine generated from LSEG data July 31 at 01:30 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.261.61Beat
Mar. 31 20251.231.93Beat
Dec. 31 20241.031.88Beat
Sep. 30 20241.040.88Missed

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