SeaDrill (NYSE: SDRL ) is expected to report Q3 earnings on Nov. 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict SeaDrill's revenues will expand 8.2% and EPS will decrease -1.4%.
The average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $0.69.
Last quarter, SeaDrill logged revenue of $1.12 billion. GAAP reported sales were 12% higher than the prior-year quarter's $968.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.75. GAAP EPS of $1.09 for Q2 were 16% lower than the prior-year quarter's $1.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.8%, 80 basis points worse than the prior-year quarter. Operating margin was 44.6%, 50 basis points better than the prior-year quarter. Net margin was 48.4%, 1,510 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.48 billion. The average EPS estimate is $3.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 939 members out of 950 rating the stock outperform, and 11 members rating it underperform. Among 192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 189 give SeaDrill a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SeaDrill is hold, with an average price target of $42.25.
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