Diamond Offshore Drilling Earnings Preview: Can This Streak Continue?
Diamond Offshore Drilling (NYSE:DO) will report earnings before markets open on Thursday, April 25th. Diamond Offshore Drilling, Inc. drills offshore oil and gas wells on a contract basis. The Company is a world-wide deep water driller that serves markets that include the deep water, harsh environment, conventional semisubmersible and jack-up markets.
Here is your Cheat Sheet to Diamond Offshore Drilling Earnings:
Earnings Expectations: Analysts expect earnings of $1.16 per share on revenues of $713.64 million. Currently, the company’s P/E ratio stands at 12.72.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.17 to a profit $1.24. For the current year, the average estimate is a profit of $4.46, which is worse than the estimate ninety days ago.
Here’s how Diamond Offshore Drilling has been performing on an annual basis:
|Revenue ($) in millions||3,544||3,631||3,323||3,322||2,987|
|Diluted EPS ($)||9.42||9.89||6.87||6.92||5.18|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||748.36||768.64||738.19||729.14||750.54|
|Diluted EPS ($)||1.35||1.33||1.45||1.28||1.12|
Diamond Offshore Drilling has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)