Noble Future Growth

Future criteria checks 2/6

Noble is forecast to grow earnings and revenue by 14% and 12.9% per annum respectively. EPS is expected to grow by 11.1% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

14.0%

Earnings growth rate

11.1%

EPS growth rate

Energy Services earnings growth	15.2%
Revenue growth rate	12.9%
Future return on equity	11.4%
Analyst coverage	Good
Last updated	21 Jan 2025

Recent future growth updates

Recent updates

Noble Corporation: Production Backlog And Capital Return Promising, Yet Low Visibility On Earnings Past 2025

Nov 08

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Jun 22

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Jun 10

We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt

May 11

Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)

Apr 20

Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching

Mar 30

Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet

Feb 07

Noble Corporation: Quality Backlogs With Room To Grow

Feb 05

Noble Corporation: Strong Quarter, Raised Guidance, Undemanding Valuation - Buy

Nov 16

Noble Corporation Can Rise Further As Offshore Rig Capacity Remains Scarce

Oct 17

Noble Corporation: Solid Quarter And Strong Long-Term Prospects - Buy

Aug 07

Noble Corporation: Not Enough Upside

Jul 24

Noble updates Q4 Adjusted EBITDA guidance

Jan 23

Noble closes $350M term loan

Dec 22

Noble Non-GAAP EPS of $0.50 beats by $0.11, revenue of $306M beats by $10.82M

Nov 03

Earnings and Revenue Growth Forecasts

NYSE:NE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	3,680	495	466	986	1
12/31/2026	3,735	716	678	1,104	9
12/31/2025	3,521	495	482	908	10
12/31/2024	2,989	455	155	744	9
9/30/2024	2,646	501	231	807	N/A
6/30/2024	2,553	599	113	662	N/A
3/31/2024	2,499	469	253	766	N/A
12/31/2023	2,462	482	165	574	N/A
9/30/2023	2,438	467	125	458	N/A
6/30/2023	2,057	342	128	393	N/A
3/31/2023	1,713	314	80	270	N/A
12/31/2022	1,333	169	107	281	N/A
9/30/2022	939	157	-9	137	N/A
6/30/2022	881	100	-102	57	N/A
3/31/2022	819	84	-205	-18	N/A
12/31/2021	782	352	-163	6	N/A
9/30/2021	784	-2,594	-154	15	N/A
6/30/2021	780	-2,621	41	210	N/A
3/31/2021	801	-2,684	104	247	N/A
12/31/2020	909	-3,978	124	273	N/A
9/30/2020	1,156	-1,189	296	455	N/A
6/30/2020	1,188	-1,583	57	243	N/A
3/31/2020	1,243	-1,692	18	227	N/A
12/31/2019	1,246	-697	-82	187	N/A
9/30/2019	1,144	-498	-171	97	N/A
6/30/2019	1,105	-334	-161	110	N/A
3/31/2019	1,077	-810	-182	76	N/A
12/31/2018	1,036	-885	-23	172	N/A
9/30/2018	1,065	-877	-22	161	N/A
6/30/2018	1,058	-892	N/A	216	N/A
3/31/2018	1,081	-356	N/A	330	N/A
12/31/2017	1,207	-515	N/A	417	N/A
9/30/2017	1,287	-1,780	N/A	465	N/A
6/30/2017	1,400	-1,739	N/A	521	N/A
3/31/2017	2,005	-1,333	N/A	1,096	N/A
12/31/2016	2,242	-930	N/A	1,143	N/A
9/30/2016	2,678	212	N/A	1,470	N/A
6/30/2016	3,179	585	N/A	1,854	N/A
3/31/2016	3,074	427	N/A	1,566	N/A
12/31/2015	3,262	500	N/A	1,765	N/A
9/30/2015	3,212	64	N/A	1,642	N/A
6/30/2015	3,149	-109	N/A	1,514	N/A
3/31/2015	3,157	-128	N/A	1,641	N/A
12/31/2014	3,148	-152	N/A	1,778	N/A
9/30/2014	3,064	575	N/A	1,929	N/A
6/30/2014	2,877	591	N/A	2,088	N/A
3/31/2014	2,293	471	N/A	2,006	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NE's forecast earnings growth (14% per year) is above the savings rate (2.6%).

Earnings vs Market: NE's earnings (14% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: NE's earnings are forecast to grow, but not significantly.

Revenue vs Market: NE's revenue (12.9% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: NE's revenue (12.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NE's Return on Equity is forecast to be low in 3 years time (11.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/02 01:43
End of Day Share Price	2025/01/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Noble Corporation plc is covered by 62 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kjetil Garstad	Arctic Securities ASA
null null	Argus Research Company
Fabrizio Spagna	Axia Financial Research

Noble Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Noble Corporation plc Maintains Revenue Guidance for the Full Year 2024

Consensus EPS estimates fall by 21%

Noble Corporation plc Increases Earnings Guidance for the Full Year 2023

Consensus EPS estimates increase by 14%

Price target increased by 7.2% to US$59.88

Noble Corporation plc Provides Revenue Guidance for the Full Year 2023

Recent updates

Noble Corporation plc to Report Q4, 2024 Results on Feb 17, 2025

Noble Corporation plc(CPSE:NOBLE) dropped from OMX Nordic All-Share Index

Noble Corporation Announces Approval of Request for Removal from Trading and Official Listing on Nasdaq Copenhagen

Noble Corporation: Production Backlog And Capital Return Promising, Yet Low Visibility On Earnings Past 2025

Noble Corporation plc Approves an Interim Quarterly Cash Dividend for the Fourth Quarter of 2024, Payable on December 19, 2024

Noble Corporation plc (NYSE:NE) completed the acquisition of Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others

Noble Corporation: Strong Quarter But Muted Near-Term Outlook - Buy

Noble Corporation: The Post Acquisition Outlook

Should You Be Adding Noble (NYSE:NE) To Your Watchlist Today?

Is There An Opportunity With Noble Corporation plc's (NYSE:NE) 50% Undervaluation?

Noble Corporation plc Announces Increase to Quarterly Dividend

Noble Corporation And Diamond Offshore Drilling: A Sensible Marriage

Noble Corporation plc (NYSE:NE) entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others for approximately $1.6 billion.

Upcoming dividend of US$0.40 per share

We Think Noble (NYSE:NE) Can Stay On Top Of Its Debt

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Noble Corporation plc Maintains Revenue Guidance for the Full Year 2024

Fewer Investors Than Expected Jumping On Noble Corporation plc (NYSE:NE)

Here's Why We Think Noble (NYSE:NE) Is Well Worth Watching

Consensus EPS estimates fall by 21%

Senior VP & CFO recently sold US$1.9m worth of stock

Upcoming dividend of US$0.40 per share

Senior VP & CFO notifies of intention to sell stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

President exercised options and sold US$25m worth of stock

Noble (NYSE:NE) Has A Pretty Healthy Balance Sheet

Noble Corporation: Quality Backlogs With Room To Grow

Noble Corporation Plc, Annual General Meeting, Apr 17, 2024

Noble Corporation Plc to Report First Half, 2024 Results on Jul 31, 2024

Noble Corporation Announces Appointment of H. Keith Jennings as Director

Noble Corporation: Strong Quarter, Raised Guidance, Undemanding Valuation - Buy

Upcoming dividend of US$0.40 per share at 3.3% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Noble Corporation plc Increases Earnings Guidance for the Full Year 2023

Noble Corporation Can Rise Further As Offshore Rig Capacity Remains Scarce

High number of new and inexperienced directors

Consensus EPS estimates increase by 14%

Noble Corporation: Solid Quarter And Strong Long-Term Prospects - Buy

Price target increased by 7.2% to US$59.88

Noble Corporation plc Provides Revenue Guidance for the Full Year 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Noble Corporation: Not Enough Upside

New minor risk - Dividend sustainability

Noble Corporation plc Announces the Initiation of A Quarterly Interim Dividend, Payable on September 14, 2023

Investor sentiment improves as stock rises 15%

Insider recently sold US$636k worth of stock

President recently sold US$2.0m worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Noble Corporation plc Provides Revenue Guidance for the Year 2023

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Noble Corporation Plc to Report Q4, 2022 Results on Feb 26, 2023

President exercised options and sold US$3.0m worth of stock

Noble Corporation Plc, Annual General Meeting, May 02, 2023

Noble updates Q4 Adjusted EBITDA guidance

Noble closes $350M term loan

Less than half of directors are independent

Noble Corporation Plc (NYSE:NE) announces an Equity Buyback.