Earnings Preview For Seadrill
Portfolio Pulse from Benzinga Insights
Seadrill (NYSE:SDRL) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts expecting an EPS of $0.66. The company's past performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares of Seadrill were trading at $43.04 as of February 26, with a slight 0.66% decrease over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 27, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Seadrill is expected to report an EPS of $0.66 for the upcoming quarterly earnings. Historically, the company has beaten EPS estimates, leading to positive stock price movements. Currently, the stock is slightly down over the last 52 weeks.
Given Seadrill's history of beating EPS estimates and the subsequent positive impact on its stock price, there is a potential for a short-term price increase, especially if the company beats the EPS estimate again and provides positive guidance. However, the slight year-to-date decrease in stock price indicates a cautious optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100