Seadrill Ltd reports results for the quarter ended June 30 - Earnings Summary

• Seadrill Ltd SDRL.N reported a quarterly adjusted loss of 68 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of five analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 38 cents to 84 cents per share.

• Revenue rose 0.5% to $377.00 million from a year ago; analysts expected $363.09 million.

• Seadrill Ltd's reported EPS for the quarter was a loss of 68 cents​.

• The company reported a quarterly loss of $42 million.

• Seadrill Ltd shares had risen by 13.5% this quarter and lost 23.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 23% 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 "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 $35.50, about 16.5% above its last closing price of $29.64

This summary was machine generated from LSEG data August 7 at 01:22 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)