Ensco plc misses by $0.03, misses on revenue

Ensco plc (ESV): Q4 EPS of $1.56 misses by $0.03.

Revenue of $1.26B (+15.6% Y/Y) misses by $10M.

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Comments (4)
  • A Prudent Investor
    , contributor
    Comments (1192) | Send Message
    Let's see how the street reacts to the miss. Many other drillers to report.
    19 Feb 2014, 08:12 PM Reply Like
  • farstud
    , contributor
    Comments (259) | Send Message
    Hi prudent


    What do you think of sdrl?
    19 Feb 2014, 10:50 PM Reply Like
  • Debutant
    , contributor
    Comments (2775) | Send Message
    EPS growth:
    4Q 2013:$1.54 (up 64% from $0.94 in4Q2012)


    FY 2013:$6.07 (up 21% from $5.04 in FY 2012)


    16% revenue growth
    16% day rate increase
    Higher day rates


    [Co's statement] "The average day rate for the fleet increased 16% to $230,000, mostly due to the addition of ENSCO 8506, ENSCO DS-6 and ENSCO DS-7 to the active fleet, as well as higher day rates for several floaters and an increase in the jackup segment average day rate".


    "Reported utilization was 73% compared to 83% a year ago, mostly due to two factors. ENSCO 5002 and ENSCO 5004 were idle during fourth quarter 2013 due to the bankruptcy of OGX, a Brazilian operator. ENSCO 5000, which was stacked during fourth quarter 2013, was contracted during fourth quarter 2012".


    I like this report and I'm looking forward to the conference call this morning.


    Discl.: ESV (and SDRL, and some others) investor
    20 Feb 2014, 03:59 AM Reply Like
  • Jay S
    , contributor
    Comments (149) | Send Message
    Numbers do not look bad, but I agree conference call is key.
    20 Feb 2014, 05:52 AM Reply Like
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