Valaris Q3 EPS $0.17 Misses $0.28 Estimate, Sales $455.10M Miss $473.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valaris reported Q3 earnings of $0.17 per share, missing the analyst consensus estimate of $0.28 by 39.29%. This is a 82.65% decrease from the same period last year. The company also reported quarterly sales of $455.10 million, missing the analyst consensus estimate of $473.72 million by 3.93%. This is a 4.09% increase from the same period last year.
November 07, 2023 | 6:10 am
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NEGATIVE IMPACT
Valaris' Q3 earnings and sales missed estimates, with a significant decrease in earnings compared to the same period last year. This could negatively impact the company's stock price in the short term.
Valaris' earnings and sales for Q3 both missed estimates, which is typically a negative signal for investors. Additionally, the company's earnings decreased significantly compared to the same period last year, which could further discourage investors and lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100