Transocean Q4 Earnings Preview

Transocean RIG announces its next round of earnings Tuesday. Here is Benzinga's everything-that-matters guide for today's Q4 earnings announcement.

Earnings and Revenue

Based on management's projections, Transocean analysts modeled for a loss of 26 cents per share on sales of $626.46 million.

Transocean reported a profit of 63 cents per sharewhen it published results during the same quarter last year. Sales in that period totaled $974 million. If the company were to match the current consensus estimate when it reports Tuesday, earnings would be down 141.27 percent. Revenue would be down 35.68 percent on a year-over-year basis.

Here's how the company's EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares are down 30.98 percent. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Transocean stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Transocean's Q4 conference call is scheduled to begin Wednesday at 9:00 a.m. ET and can be accessed here.