Analysts forecast that Seadrill Limited (NYSE:SDRL) will announce $589.59 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Seadrill Limited’s earnings, with estimates ranging from $550.98 million to $628.20 million. Seadrill Limited reported sales of $868.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 32.1%. The company is expected to announce its next earnings report on Thursday, August 24th.

According to Zacks, analysts expect that Seadrill Limited will report full-year sales of $589.59 million for the current fiscal year, with estimates ranging from $2.11 billion to $2.43 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.97 billion per share, with estimates ranging from $1.85 billion to $2.11 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Seadrill Limited.

Several analysts recently weighed in on the stock. Societe Generale downgraded shares of Seadrill Limited from a “hold” rating to a “sell” rating in a report on Wednesday, May 31st. ValuEngine downgraded shares of Seadrill Limited from a “buy” rating to a “hold” rating in a report on Friday, May 26th.

Shares of Seadrill Limited (NYSE:SDRL) traded down 9.375% on Wednesday, reaching $0.435. The company had a trading volume of 4,409,183 shares. Seadrill Limited has a 1-year low of $0.41 and a 1-year high of $4.59. The stock’s market capitalization is $219.43 million. The company’s 50 day moving average price is $0.56 and its 200-day moving average price is $1.80.

WARNING: This article was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/06/14/seadrill-limited-sdrl-expected-to-announce-quarterly-sales-of-589-59-million.html.

Seadrill Limited Company Profile

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

Get a free copy of the Zacks research report on Seadrill Limited (SDRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Seadrill Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill Limited and related companies with MarketBeat.com's FREE daily email newsletter.