Transocean Ltd reports results for the quarter ended in September 30 - Earnings Summary

• Transocean Ltd RIG.N reported quarterly breakeven results​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -36 cents. The mean expectation of sixteen analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents to -1 cents per share.

• Revenue rose 32.4% to $948.00 million from a year ago; analysts expected $943.26 million.

• Transocean Ltd's reported EPS for the quarter was a loss of 58 cents​.

• The company reported a quarterly loss of $494 million.

• Transocean Ltd shares had fallen by 7.8% this quarter and lost 38.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 651% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the oil & gas drilling peer group is also "buy"

Wall Street's median 12-month price target for Transocean Ltd is 5.25

This summary was machine generated from LSEG data October 31 at 02:57 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)