Market Overview

Ocean Rig Q4 Earnings Preview

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Ocean Rig UDW Inc. - Common Stock (NASDAQ: ORIG) releases its next round of earnings Tuesday. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

Earnings and Revenue

Analysts covering Ocean Rig modeled for quarterly EPS of 97 cents per share on revenue of $215 million.

Ocean Rig's earnings in the same period a year ago was 48 cents per share. Quarterly sales came in at $355.38 million. If the company were to match the consensus estimate when it reports Tuesday, EPS would be up 102 percent. Sales would have fallen 39.30 percent from the same quarter last year.

Ocean Rig's reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q3 2017 Q4 2016
EPS Estimate   0.38
EPS Actual 1.54 0.48

 

Stock Performance

Over the last 52-week period, shares are down 99.77 percent. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Ocean Rig stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas

 

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