The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Transocean's revenues will increase 16.2% and EPS will improve 1114.3%.
The average estimate for revenue is $2.61 billion. On the bottom line, the average EPS estimate is $0.85.
Last quarter, Transocean reported revenue of $2.58 billion. GAAP reported sales were 10% higher than the prior-year quarter's $2.33 billion.
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 $0.72. GAAP EPS were -$0.86 for Q2 compared to $0.48 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 8.5%, 2,760 basis points worse than the prior-year quarter. Operating margin was -8.0%, 2,590 basis points worse than the prior-year quarter. Net margin was -11.8%, 1,840 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $10.02 billion. The average EPS estimate is $2.89.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Transocean is outperform, with an average price target of $65.17.
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Seth Jayson owned shares of the following at the time of publication: Transocean. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.