Valaris Earnings Preview

Valaris (NYSE:VAL) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.

Analysts estimate that Valaris will report an earnings per share (EPS) of $1.10.

The market awaits Valaris's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $1.31, leading to a 6.37% drop in the share price on the subsequent day.

Here's a look at Valaris's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.72

0.05

0.14

0.28

EPS Actual

2.03

0.35

0.61

0.17

Price Change %

-6.0%

2.0%

4.0%

-2.0%

Market Performance of Valaris's Stock

Shares of Valaris were trading at $49.59 as of October 28. Over the last 52-week period, shares are down 27.29%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Insights Shared by Analysts on Valaris

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Valaris.

With 6 analyst ratings, Valaris has a consensus rating of Buy. The ...