Noble Corporation PLC reports results for the quarter ended September 30 - Earnings Summary

• Noble Corporation PLC NE reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of nine analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 27 cents to 37 cents per share.

• Revenue fell 0.3% to $798.02 million from a year ago; analysts expected $774.99 million.

• Noble Corporation PLC's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $21.1 million.

• Noble Corporation PLC shares had risen by 8.1% this quarter and lost 2.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.7% 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," 6 "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 Noble Corporation PLC is $32.00, about 4.9% above its last closing price of $30.42

This summary was machine generated from LSEG data October 27 at 11:57 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)