Preview: Borr Drilling's Earnings
Portfolio Pulse from Benzinga Insights
Borr Drilling (NYSE:BORR) is scheduled to release its quarterly earnings report on February 22, 2024, with an estimated EPS of $0.07. Historical performance shows mixed results with the last quarter missing estimates. Shares have declined by 4.28% over the last year, indicating potential concern among long-term shareholders.
February 21, 2024 | 7:01 pm
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Borr Drilling is expected to announce its quarterly earnings with an anticipated EPS of $0.07. Historical data shows inconsistency in meeting EPS estimates, affecting stock performance.
Given Borr Drilling's mixed historical earnings performance and the recent 4.28% annual decline in stock price, the upcoming earnings report could maintain current stock price levels if the company meets or exceeds the EPS estimate and provides positive future guidance. However, the stock's reaction could be more significantly influenced by the guidance provided rather than the earnings beat or miss due to the historical context of stock price reactions to past earnings.
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RELEVANCE 100