
Thursday, October 31, 2024 5:21:31 AM
Top and bottom-line beat
Transocean (RIG) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post a loss of $0.08 per share when it actually produced a loss of $0.15, delivering a surprise of -87.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Transocean , which belongs to the Zacks Oil and Gas - Drilling industry, posted revenues of $948 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $721 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Transocean shares have lost about 38.3% since the beginning of the year versus the S&P 500's gain of 22.3%.
https://finance.yahoo.com/news/transocean-rig-reports-break-even-220511254.html
Conference call today at 9:00 AM
Recent RIG News
- The Gross Law Firm Notifies Transocean Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline • PR Newswire (US) • 02/06/2025 10:45:00 AM
- Final Deadline for the Transocean Ltd. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - RIG • PR Newswire (US) • 02/04/2025 12:14:00 PM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders • PR Newswire (US) • 02/03/2025 10:45:00 AM
- Transocean Ltd. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights - RIG • PR Newswire (US) • 01/30/2025 10:45:00 AM
- Transocean Ltd. Announces Fourth Quarter, Full Year 2024 Earnings Release Date • GlobeNewswire Inc. • 01/28/2025 10:55:48 PM
- The Gross Law Firm Reminds Transocean Ltd. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of February 24, 2025 - RIG • PR Newswire (US) • 01/27/2025 10:45:00 AM
- Investors in Transocean Ltd. Should Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights - RIG • PR Newswire (US) • 01/23/2025 10:45:00 AM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Transocean Ltd.(RIG) Shareholders • PR Newswire (US) • 01/20/2025 10:45:00 AM
- Transocean Ltd. Sued for Securities Law Violations - Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights - RIG • PR Newswire (US) • 01/16/2025 10:45:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/14/2025 10:29:09 PM
- Contact The Gross Law Firm by February 24, 2025 Deadline to Join Class Action Against Transocean Ltd.(RIG) • PR Newswire (US) • 01/13/2025 10:45:00 AM
- Lost Money on Transocean Ltd.(RIG)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm • PR Newswire (US) • 01/09/2025 10:45:00 AM
- Shareholders that lost money on Transocean Ltd.(RIG) should contact The Gross Law Firm about pending Class Action - RIG • PR Newswire (US) • 01/06/2025 10:45:00 AM
- Investors in Transocean Ltd. Should Contact The Gross Law Firm Before February 24, 2025 to Discuss Your Rights - RIG • PR Newswire (US) • 01/02/2025 06:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/17/2024 09:42:38 PM
- Transocean Ltd. Announces $111 Million Ultra-Deepwater Drillship Contract • GlobeNewswire Inc. • 12/17/2024 09:37:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2024 09:30:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/12/2024 09:44:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/03/2024 10:02:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/22/2024 09:46:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/22/2024 09:40:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2024 12:14:43 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2024 12:11:59 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/31/2024 08:21:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2024 08:24:50 PM
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