Diamond Offshore Drilling, Inc. (NYSE:DO) is trading up 33.22% versus 12-month low of 14.18 and stands -29.30% lower from its 1-year peak of $26.72. The consensus price target (PT) of $17.34 means that the market expects Company shares to increase by -9.6% in the short run. The sell-side target prices range from $11 to $26. In the last month the stock has moved in price -2.48%, with a one year change of 3.96%. The last trading session volume compares with the 2.84M average and market worth floats around 2.56B.

Diamond Offshore Drilling, Inc. (NYSE:DO) fell -1.51% to reach at the trading price of $18.89 as it is set to release its next quarterly earnings report on February 13, 2017. Diamond Offshore Drilling, Inc. stock trades in the range of $18.77 to $19.45 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.12 a share with $360.69M in revenue.

Diamond Offshore Drilling, Inc. (DO) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Diamond Offshore Drilling, Inc. to earn $0.31 per share (EPS) on revenue of $397.52M. The EPS consensus range is $-0.04-$0.63 on revenue between $449.1M and $318.8M.

While if we look at the Earnings Track Record, Diamond Offshore Drilling, Inc. (DO) managed to surpass quarterly earnings per share estimates in 12 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 100%. Last time the company reported, Diamond Offshore Drilling, Inc. (DO) generated $0.10 in earnings per share, beating the consensus estimate of $0.08. Revenues hit $349.18M in the September 2017 quarter, which was below the consensus $362.58M projection. On the other hand, in the June 2017 quarter the company recorded a net $388.75M revenue with earnings per share of $0.16. Wall Street had anticipated $372.14M and $0.03, respectively. For comparison, there was a revenue of $470.54M and EPS of $0.64 in the March 2016 period.

Diamond Offshore Drilling, Inc. (NYSE:DO) Analyst Insights

The buoyancy in the outlook of Diamond Offshore Drilling, Inc. (DO) is getting weaker by the somewhat negative sentiment (3.30 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. RBC Capital Mkts has been covering shares of DO, so it is most recent view is worth a look. In a research note issued on Jan 09, 2017, analysts at Barclays lifted the stock to Equal Weight from Underweight. Another noteworthy analyst activity was recorded on Dec 16, 2016. Downgraded the stock to Underperform from Sector Perform.