Rowan Companies Earnings Preview: Get Ahead of the Analysts
Rowan Companies (NYSE:RDC) will report earnings before markets open on Wednesday, May 1st. Rowan Companies, Inc. provides international and domestic contract drilling services. The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.
Here is your Cheat Sheet to Rowan Companies Earnings:
Earnings Expectations: Analysts expect earnings of $0.55 per share on revenues of $388.26 million. Currently, the company’s P/E ratio stands at 22.00.
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 $0.6 to a profit $0.65. For the current year, the average estimate is a profit of $2.11, which is worse than the estimate ninety days ago.
Here’s how Rowan Companies has been performing on an annual basis:
|Revenue ($) in millions||2,213||1,770||1,018||939.23||1,393|
|Diluted EPS ($)||3.77||3.24||2.36||5.83||1.46|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||275.07||333.48||351.02||353.91||354.20|
|Diluted EPS ($)||0.3651||0.40||0.40||0.22||0.4391|
Rowan Companies has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)