Get ready for Diamond Offshore Drilling DO earnings! Don't be the last to know: The company announces its next round of earnings this Thursday, July 21, 2011.
Need to brush up a bit ahead of Thursday's announcement? We've got just the thing. Here's your essential guide to Diamond Offshore Drilling's second quarter earnings report.Let's Do the Numbers:
Analysts are looking ahead to a positive EPS reading of $1.89 per share and revenues of $871.8 million. We'll know on Thursday whether Diamond Offshore Drilling has managed the estimated 69% increase in EPS and 106% rise in revenues on a year-over-year basis.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $1.44 | $1.45 | $1.36 | $1.75 |
EPS Actual | $1.80 | $1.74 | $1.43 | $1.61 |
Stock Performance:
At last check, shares of Diamond Offshore Drilling were trading at $70.46. Since January 1st, shares of Diamond Offshore Drilling have given investors a return of 7.9%.Average Stock Rating:
The average rating by analysts for Diamond Offshore Drilling is a Moderate Sell. Over the past three months this rating's strength has declined slightly.Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Diamond Offshore Drilling's peers.- Atwood Oceanics (ATW): Moderate Buy with a $1.08 recent quarter EPS
- Helmerich & Payne (HP): Hold with a $0.94 recent quarter EPS
- Noble (NE): Moderate Buy with a $0.16 recent quarter EPS
- Patterson-UTI Energy (PTEN): Moderate Buy with a $0.46 recent quarter EPS
Finally, a description of the main business areas of the company, in case you need a little refresher: Diamond Offshore Drilling, Inc. offers a range of services worldwide in various oil and gas drilling markets, including the deep water, harsh environment, conventional semisubmersible and jack-up markets.
Take Action:
That's your advanced look at Diamond Offshore Drilling's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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