• Borr Drilling Ltd BORR.OL reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of four analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 3 cents to 12 cents per share.

• Revenue rose 26.2% to $241.60 million from a year ago; analysts expected $246.13 million.

• Borr Drilling Ltd's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $9.7 million.

• Borr Drilling Ltd shares had fallen by 23.7% this quarter and lost 42.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 53.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas drilling peer group is "buy."

Wall Street's median 12-month price target for Borr Drilling Ltd is 9.50

This summary was machine generated from LSEG data November 7 at 04:55 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)