Valaris Ltd reports results for the quarter ended December 31 - Earnings Summary

• Valaris Ltd VAL.N reported quarterly adjusted earnings of $1.88​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of twelve analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 80 cents to $1.21 per share.

• Revenue rose 20.8% to $584.40 million from a year ago; analysts expected $577.93 million.

• Valaris Ltd's reported EPS for the quarter was $1.88​.

• The company reported quarterly net income of $133.7 million.

• Valaris Ltd shares had fallen by 3.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "hold" and 1 "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 Valaris Ltd is $53.00

This summary was machine generated from LSEG data February 20 at 02:31 p.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)