Earnings Outlook For Valaris
Portfolio Pulse from Benzinga Insights
Valaris (NYSE:VAL) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts expecting an EPS of $0.14. Historical data shows that Valaris's stock price is sensitive to earnings performance and guidance. Last quarter, the company missed its EPS estimate, resulting in a 2.3% drop in share price. Over the last year, Valaris shares have decreased by 1.01%, indicating a bearish outlook from long-term shareholders.
February 21, 2024 | 3:00 pm
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Valaris is expected to report an EPS of $0.14 for the upcoming earnings, with historical performance showing sensitivity in stock price to earnings outcomes and guidance.
Valaris's stock price has historically shown sensitivity to its earnings performance and guidance, with the last quarter's miss leading to a 2.3% drop. Given the bearish trend over the last year, the upcoming earnings report could maintain the current stock price level if it meets or exceeds expectations, but there's potential for volatility based on the actual results and future guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100