According to Jefferies, Ensco ESV reported recurring 1Q11 EPS of $0.45, below its estimate of $0.48 and Consensus of $0.47 primarily due to higher than expected taxes and SG&A.
Jefferies said that despite the miss, ESV remains our favorite offshore drilling stock and we would be buyers, particularly on any weakness.
Ensco closed yesterday at $57.03.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in