From Nasdaq: 2025-02-12 05:42:00

Transocean Ltd. (RIG) is set to release fourth-quarter earnings on Feb. 17, with an estimated 2 cents per share and $958.06 million in revenues. In the last quarter, RIG beat the consensus estimate with breakeven adjusted earnings per share and $948 million in adjusted revenues. The company has a history of surpassing earnings estimates, with an average surprise of 37.13%.

Factors to consider ahead of RIG’s Q4 release include a predicted increase in revenues to $960 million, driven by strong segment performance. The Ultra-Deepwater Floaters segment is expected to grow by 26.8%, while the Harsh Environment Floaters segment is anticipated to increase by 36.7%. However, rising costs may impact the bottom line, with total costs and expenses expected to rise by 2.2% year over year.

Our model does not predict an earnings beat for RIG this season, with an Earnings ESP of -136.36% and a Zacks Rank #3. Investors may want to consider other energy stocks like CNX Resources (CNX) with an Earnings ESP of +3.60% and a Zacks Rank 2, or Calumet, Inc. (CLMT) with an Earnings ESP of +7.11% and a Zacks Rank #2. California Resources Corporation (CRC) also has potential with an Earnings ESP of +2.59% and a Zacks Rank #3.

Zacks has identified a top semiconductor stock poised for growth in the AI, ML, and IoT markets, with projected industry growth from $452 billion in 2021 to $803 billion by 2028. Investors can access this stock for free and explore other investment recommendations. For more information on these stocks and the semiconductor industry, visit Zacks.com.



Read more at Nasdaq: Transocean to Report Q4 Earnings: What’s in the Offing for the Stock?