Transocean Ltd. (NYSE:RIG) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.92%.
Transocean Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 69.09% to $0.93 in the quarter versus EPS of $0.55 in the year-earlier quarter.
Revenue: Decreased 5.75% to $2.2 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Transocean Ltd. reported adjusted EPS income of $0.93 per share. By that measure, the company missed the mean analyst estimate of $1. It missed the average revenue estimate of $2.36 billion.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 3.56% from $2.28 billion in the previous quarter. EPS increased 2.2% from $0.91 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.15 to a profit $1.09. For the current year, the average estimate has moved down from a profit of $4.81 to a profit of $4.65 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)