The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Transocean's revenues will expand 1.3% and EPS will grow 57.8%.
The average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is $1.01.
Last quarter, Transocean booked revenue of $2.33 billion. GAAP reported sales were 11% higher than the prior-year quarter's $2.06 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 $0.91. GAAP EPS were $1.27 for Q4 versus -$18.74 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 39.6%, 110 basis points better than the prior-year quarter. Operating margin was 24.6%, 330 basis points better than the prior-year quarter. Net margin was 20.0%, much better than the prior-year quarter.
The full year's average estimate for revenue is $9.90 billion. The average EPS estimate is $4.65.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Transocean is outperform, with an average price target of $59.39.
Is Transocean the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Transocean to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. 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.
More from The Motley Fool
3 Top Oil Stocks to Buy in December
Oil prices are up, but oil stocks aren't. That's why investors should take a look at Diamondback Energy, ExxonMobil, and Transocean.
Transocean Takes Another Big Writedown to Make Way for Its Acquisition
For the second quarter in a row, Transocean elected to take a huge hit to its income statement to prepare for the next phase of the offshore drilling market.
Why Transocean Should Be on Your Watch List
If you’re at all bullish on recovery in the offshore oil industry, Transocean should be at the top of your watch list.