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.
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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):