Seadrill Ltd reports results for the quarter ended March 31 - Earnings Summary

• Seadrill Ltd SDRL.N reported a quarterly adjusted loss of 23 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of six analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 37 cents to 80 cents per share.

• Revenue fell 8.7% to $335.00 million from a year ago; analysts expected $334.54 million.

• Seadrill Ltd's reported EPS for the quarter was a loss of 23 cents​.

• The company reported a quarterly loss of $14 million.

• Seadrill Ltd shares had fallen by 4.3% this quarter and lost 38.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 38.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "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 Seadrill Ltd is $45.50

This summary was machine generated from LSEG data May 12 at 04:20 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)