Diamond Offshore Drilling (NYSE: DO ) is expected to report Q4 earnings on Jan. 31. 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 Diamond Offshore Drilling's revenues will drop -1.6% and EPS will wither -19.1%.
The average estimate for revenue is $736.7 million. On the bottom line, the average EPS estimate is $1.10.
Last quarter, Diamond Offshore Drilling tallied revenue of $729.1 million. GAAP reported sales were 17% lower than the prior-year quarter's $861.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.28. GAAP EPS of $1.28 for Q3 were 31% lower than the prior-year quarter's $1.85 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 50.0%, 460 basis points worse than the prior-year quarter. Operating margin was 34.3%, 630 basis points worse than the prior-year quarter. Net margin was 25.0%, 480 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.97 billion. The average EPS estimate is $4.70.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,930 members out of 1,975 rating the stock outperform, and 45 members rating it underperform. Among 460 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 445 give Diamond Offshore Drilling a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Diamond Offshore Drilling is hold, with an average price target of $72.16.
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