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

• Valaris Ltd VAL.N reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of ten analysts for the quarter was for earnings of $1.04 per share. Wall Street expected results to range from 93 cents to $1.13 per share.

• Revenue rose 41.3% to $643.10 million from a year ago; analysts expected $615.24 million.

• Valaris Ltd's reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $64.6 million.

• Valaris Ltd shares had fallen by 13.0% this quarter and lost 29.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.3% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "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 Valaris Ltd is 78.00

This summary was machine generated from LSEG data October 31 at 02:49 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)