Atwood Oceanics Earnings: Here’s Why the Stock is Down Now

Atwood Oceanics, Inc. (NYSE:ATW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.19%.

Atwood Oceanics, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 73.42% to $1.37 in the quarter versus EPS of $0.79 in the year-earlier quarter.

Revenue: Rose 52.68% to $272.69 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Atwood Oceanics, Inc. reported adjusted EPS income of $1.37 per share. By that measure, the company beat the mean analyst estimate of $1.34. It beat the average revenue estimate of $271.16 million.

Key Stats (on next page)…

EPS increased 7.03% from $1.28 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.42 to a profit $1.47. For the current year, the average estimate has moved up from a profit of $5.07 to a profit of $5.19 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]