Transocean Full Year 2024 Earnings: EPS Misses Expectations

Transocean (NYSE:RIG) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.52b (up 24% from FY 2023).
• Net loss: US$512.0m (loss narrowed by 46% from FY 2023).
• US$0.60 loss per share (improved from US$1.24 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Transocean EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.3%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are down 8.3% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Transocean could be a good place to look. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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