Noble Corporation PLC reports results for the quarter ended in September 30 - Earnings Summary

Reuters
06 Nov 2024

* Noble Corporation PLC reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of nine analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 61 cents to 99 cents per share.

* Revenue rose 14.8% to $800.55 million from a year ago; analysts expected $749.70 million.

* Noble Corporation PLC's reported EPS for the quarter was 40 cents​.

* The company reported quarterly net income of $61.22 million.

* Noble Corporation PLC shares had fallen by 12.9% this quarter and lost 34.7% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 11.5% in the last three months.​

* In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the oil & gas drilling peer group is also "buy"

Wall Street's median 12-month price target for Noble Corporation PLC is 48.00 This summary was machine generated from LSEG data November 6 at 03:50 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.80 0.58 Missed

Jun. 30 2024 0.63 0.72 Beat

Mar. 31 2024 0.51 0.45 Missed

Dec. 31 2023 0.58 0.39 Missed

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