Previously in this series, we looked at analyst recommendations for Atwood Oceanics and Rowan Companies. Now we’ll see how analysts view future revenue for both these companies.
According to data compiled by Reuters, analysts expect Atwood Oceanics (ATW) to deliver revenues of $153 million in 1Q17, a decline of 50% year-over-year. This estimate is below the fiscal 4Q16 revenues of $188 million.
The company’s fiscal 2Q17 revenue is expected to be $122 million. Analysts expect the fiscal 2017 revenue for ATW to be $494 million compared to $1,021 million in 2015.
According to data compiled by Reuters, analysts expect Rowan Companies (RDC) to post revenues of $343 million, a decline from 4Q15 revenue of $535 million. This estimate is below 3Q16 revenue of $379 million.
Going forward, analysts expect the 2017 revenue for Rowan to be $1,222 million compared to $2,137 million in 2015 and the estimated 2016 revenue of $1,725 million.
Here are estimated 2016 revenues for other offshore drillers (OIH):