Ensco plc (NYSE:ESV) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 01, 2017. The stock added about 33.6 percent in price since last results when it was at $8.76 a share. Based on the most relevant past-periods data, there is an 56.67 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 17 times out of last 30 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to ESV earnings announcements over the past few quarters.
Ensco plc (ESV) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 27.78 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.25 which beat the consensus $0.13 projection (positive surprise of92.31%. For the quarter, revenue came in at 548.2M versus consensus estimate of 541.65M. The stock dropped -3.88 percent the session following the earnings reports were released, and on 7th day price change was -12.79 percent.
On July 27, 2016, it reported earnings at $0.51 a share compared with the consensus estimate of $0.5 per share (positive surprise of 2%). Revenue of 909.6M for that quarter was above the $745.33M analysts had expected. The stock climbed 0.11% the day following the earnings announcement, and on 7th day price change was -2.63%.
On April 27, 2016, it recorded $0.74 a share in earnings which missed the consensus estimate of $0.8 (negative surprise of -7.5%). Revenue for the quarter was $814M while analysts called for revenues to be $800.4M. The stock dropped -2.61% the day following the earnings data was made public, and on 7th day price change was -12.18%.
On February 24, 2016, it announced earnings per share at $0.92 versus the consensus estimate of $0.74 per share (positive surprise of 24.32%). That came on revenues of $828.3M for that period. Analysts had expected $865.62M in revenue.
Ensco plc Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.07. The analysts’ present consensus range is $-0.05-$0.19 for EPS. The market consensus range for revenue is between $418.53M and $522.2M, with an average of $483.37M.
Ensco plc (NYSE:ESV) last ended at $11.44, sending the company’s market cap near $3.47B. The consensus 12-month price target from analysts covering the stock is $9.54. The share price has declined -11.97% from its top level in 52 weeks and dropped 17.7% this year. It recently traded in a range of $11.29-$11.87 at a volume of 14351753 shares. The recent trading ended with the price nearly 12.05 higher for the last 5 trading days, rebounding 76.18% from its 52-week low.