A Look Ahead: Borr Drilling's Earnings Forecast

Borr Drilling (NYSE:BORR) is preparing to release its quarterly earnings on Wednesday, 2024-11-06. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Borr Drilling to report an earnings per share (EPS) of $0.09.

The market awaits Borr Drilling'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.

Overview of Past Earnings

The company's EPS missed by $0.07 in the last quarter, leading to a 2.93% increase in the share price on the following day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.19

0.15

0.07

0.08

EPS Actual

0.12

0.06

0.11

0

Price Change %

3.0%

6.0%

-4.0%

1.0%

Tracking Borr Drilling's Stock Performance

Shares of Borr Drilling were trading at $4.19 as of November 04. Over the last 52-week period, shares are down 29.97%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Perspectives on Borr Drilling

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Borr Drilling.

With 1 analyst ratings, Borr Drilling ...