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Seadrill (SDRL) Surpasses Q1 Earnings and Revenue Estimates

May 14, 2024, 7:08 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Seadrill (SDRL) reported quarterly earnings of $0.81 per share, beating estimates. - The company's revenues for the quarter ended March 2024 were $367 million. - Seadrill shares have added about 7.3% since the beginning of the year. - Earnings outlook for Seadrill is mixed, with a Zacks Rank #3 (Hold). - Industry outlook for Oil and Gas - Drilling is currently in the bottom 27%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Seadrill (SDRL) reported quarterly earnings of $0.81 per share, beating estimates.
  • The company's revenues for the quarter ended March 2024 were $367 million.
  • Seadrill shares have added about 7.3% since the beginning of the year.
  • Earnings outlook for Seadrill is mixed, with a Zacks Rank #3 (Hold).
  • Industry outlook for Oil and Gas - Drilling is currently in the bottom 27%.

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