SeaDrill Limited Earnings: Here’s Why Investors are Buying Shares Now

SeaDrill Limited (NYSE:SDRL) 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 up 2.88%.

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SeaDrill Limited Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.72% to $0.85 in the quarter versus EPS of $0.71 in the year-earlier quarter.

Revenue: Rose 20.48% to $1.27 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: SeaDrill Limited reported adjusted EPS income of $0.85 per share. By that measure, the company beat the mean analyst estimate of $0.58. It beat the average revenue estimate of $1.14 billion.

Key Stats (on next page)…

Revenue increased 4.2% from $1.21 billion in the previous quarter. EPS increased 203.57% from $0.28 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 $0.67 to a profit $0.60. For the current year, the average estimate has moved down from a profit of $3.08 to a profit of $2.78 over the last ninety days.

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

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