Seadrill Q2 EPS $3.49 Beats $0.58 Estimate, Sales $375.00M Beat $353.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seadrill (NYSE:SDRL) reported Q2 earnings per share (EPS) of $3.49, significantly beating the analyst estimate of $0.58. This represents a 200.86% increase from the same period last year. Quarterly sales were $375 million, surpassing the $353.50 million estimate but showing a 9.42% decrease from last year's $414 million.
August 05, 2024 | 9:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Seadrill's Q2 earnings per share of $3.49 beat analyst estimates by 501.72%, and sales of $375 million also exceeded expectations. However, sales decreased by 9.42% compared to the same period last year.
The significant beat on EPS and sales exceeding expectations are likely to positively impact Seadrill's stock price in the short term. However, the year-over-year decrease in sales may temper some of the enthusiasm.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100