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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Rowan Companies has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)