Published on 2 May 2022 on Zacks via Yahoo Finance
Transocean (RIG) Reports Q1 Loss, Tops Revenue Estimates
Transocean (RIG) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -27.27%. A quarter ago, it was expected that this offshore oil and gas drilling contractor would post a loss of $0.10 per share when it actually produced a loss of $0.19, delivering a surprise of -90%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.