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Where Do Analysts See Noble’s Earnings in the Coming Quarters?

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Jan. 31 2017, Published 3:45 p.m. ET

Noble’s earnings

Wall Street analysts expect to see a substantial fall of 41% year-over-year (or YoY) in Noble Energy’s (NE) 2016 revenue. Let’s also see what analysts expect for Noble’s EBITDA (earnings before interest, tax, depreciation, and amortization) and EPS (earnings per share) in 2016 and beyond.

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EBITDA estimates

Because analysts are expecting a rise in Noble’s 4Q16 revenue, they’re also expecting its EBITDA to rise. Analysts’ EBITDA estimate for 4Q16 is $168 million, a rise from $153 million in 3Q16. For 1Q17, analysts’ EBITDA estimate is $171 million. Analysts’ EBITDA estimates for NE in 2016 and 2017 are $881 million and $489 million, respectively, compared to 2015’s EBITDA of $1.7 billion.

Based on the last 12 months’ worth of EBITDA and revenue, NE’s EBITDA margin is 59%. Below are the EBITDA margins for other offshore drillers (OIH) based on their trailing-12-month EBITDAs and revenues:

EPS estimate

Although Noble’s EBITDA is expected to rise, its EPS are expected to fall to -$0.22 in 4Q16. These negative EPS are expected to continue for many quarters to come. 

Noble’s estimated EPS for 2016 are -$0.13, a fall from $2.60 in 2015. In 2017, the company’s EPS are expected to be -$1.44.

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