Transocean Ltd. (RIG) : Earnings Whisper

Transocean Ltd. (RIG) is slated to report 2Q 2015 earnings after the close today, August 5. The Street is looking for EPS of $0.51 and revenue of $1.71 billion. Last quarter, the company posted a significant positive earnings surprise of 83%, reporting EPS of $1.10, $0.50 better than the Street’s consensus estimate of $0.60. Revs however, fell almost 13% to $2.04 billion compared to $2.34 billion in Q1’14. Meanwhile, reports a Q2’15 whisper number of $0.54 per share.

Transocean’s shares have declined 20.33% in the last 4 weeks and 32.01% in the past three months. Over the past 5 trading sessions the stock has lost 5.26%. The provider of offshore contract drilling services for oil and gas wells worldwide, currently valued at $4.47 billion, has a median Wall Street price target of $13.00 with a high target of $34.00.

Offering a dividend yield of 4.92%, shares of the Vernier, Switzerland-based company are down 67.60% year-over-year and 31.71% year-to-date.

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