Diamond Offshore Drilling (NYSE:DO) has beaten analyst's estimates in each of the last five quarters and will try to do so again on Thursday, July 19, 2012.
Analysts currently expect Diamond Offshore Drilling to come in with earnings of 88 cents per share on revenues of $734.1 million. Estimates range from 73 cents per share to $1.02 per share. Over the past three months, the average estimate has moved down from 98 cents.
Last Quarter's Results
In the first quarter, profit fell 1.8% to $185.2 million ($1.33 a share) from $188.5 million ($1.35 a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.7% to $768.6 million from $748.4 million.
Analysts think investors should stand pat on Diamond Offshore Drilling with 11 of 19 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
The stock fell $4.63 per share between May 9, 2012 and May 16, 2012.
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
EPS: 88 cents
Revenue Estimate: $734.1 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)