Seadrill Q1 2024 GAAP EPS $0.81 Beats $0.63 Estimate, Sales $367.00M Miss $370.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seadrill (NYSE:SDRL) reported Q1 2024 earnings of $0.81 per share, surpassing the $0.63 estimate, but its sales of $367M fell short of the expected $370.76M. This represents a 37.97% increase in sales compared to the same period last year.
May 14, 2024 | 8:16 pm
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POSITIVE IMPACT
Seadrill's Q1 2024 earnings exceeded expectations with an EPS of $0.81 against a $0.63 estimate, but sales slightly missed forecasts. The company showed significant year-over-year sales growth.
The positive earnings surprise with a 28.57% beat on EPS estimates is likely to be viewed favorably by investors, potentially leading to a short-term uptick in SDRL's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment. The significant year-over-year sales growth indicates strong operational performance, further supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100