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

• Transocean Ltd RIG reported quarterly breakeven results​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -15 cents. The mean expectation of thirteen analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -4 cents to 7 cents per share.

• Revenue rose 14.8% to $988.00 million from a year ago; analysts expected $973.09 million.

• Transocean Ltd's reported EPS for the quarter was a loss of $1.06​.

• The company reported a quarterly loss of $938 million.

• Transocean Ltd shares had risen by 8.9% this quarter and lost 24.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 98.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas drilling peer group is "buy."

• Wall Street's median 12-month price target for Transocean Ltd is $3.50, about 19.7% above its last closing price of $2.81

This summary was machine generated from LSEG data August 4 at 09:57 p.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)