Valaris Ltd reports results for the quarter ended March 31 - Earnings Summary

Valaris

01/05/2025 14:31

Valaris Ltd VAL.N reported quarterly adjusted earnings of $1.93​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 35 cents.  The mean expectation of nine analysts for the quarter was for earnings of $1.23 per share. Wall Street expected results to range from 70 cents to $1.72 per share.

Revenue rose 18.2% to $620.70 million from a year ago; analysts expected $582.90 million.

Valaris Ltd's reported EPS for the quarter was a loss of 53 cents​.

The company reported a quarterly loss of $37.9 million.

Valaris Ltd shares had fallen by 17.7% this quarter and lost 27.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 1.6% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 6 "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 $53.00

This summary was machine generated from LSEG data May 1 at 01:31 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 2025
1.23
1.93
Beat
Dec. 31 2024
1.03
1.88
Beat
Sep. 30 2024
1.04
0.88
Missed
Jun. 30 2024
0.71
2.03
Beat