Rowan Companies plc (NYSE:RDC) is trading up 80.22% versus 12-month low of 10.67 and stands -11.30% lower from its 1-year peak of $21.68. The consensus price target (PT) of $16.04 means that the market expects Company shares to increase by -16.2% in the short run. The sell-side target prices range from $11 to $25. In the last month the stock has moved in price 0.10%, with a one year change of 40.16%. The last trading session volume compares with the 3.19M average and market worth floats around 2.41B.
Rowan Companies plc (NYSE:RDC) gained 0.42% to reach at the trading price of $19.23 as it is set to release its next quarterly earnings report on March 03, 2017. Rowan Companies plc stock trades in the range of $18.77 to $19.41 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 $-0.08 a share with $343.44M in revenue.
Rowan Companies plc (RDC) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Rowan Companies plc to earn $0.13 per share (EPS) on revenue of $354.39M. The EPS consensus range is $-0.46-$0.36 on revenue between $381M and $323M.
While if we look at the Earnings Track Record, Rowan Companies plc (RDC) managed to surpass quarterly earnings per share estimates in 10 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 83%. Last time the company reported, Rowan Companies plc (RDC) generated $0.30 in earnings per share, beating the consensus estimate of $-0.01. Revenues hit $379.4M in the September 2017 quarter, which was above the consensus $362.38M projection. On the other hand, in the June 2017 quarter the company recorded a net $491.9M revenue with earnings per share of $0.75. Wall Street had anticipated $495.52M and $0.81, respectively. For comparison, there was a revenue of $500.2M and EPS of $0.98 in the March 2016 period.
Rowan Companies plc (NYSE:RDC) Analyst Insights
The buoyancy in the outlook of Rowan Companies plc (RDC) is getting weaker by the somewhat negative sentiment (2.90 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sector Perform. SocieteGenerale has been covering shares of RDC, so it is most recent view is worth a look. In a research note issued on Dec 16, 2016, analysts at downgraded the stock to Underperform from Sector Perform. Another noteworthy analyst activity was recorded on Nov 03, 2016. SocieteGenerale Analysts lifted the stock to Hold from Sell.