Earnings Preview: Diamond Offshore Drilling

Published on Wednesday, 01 February 2012 11:08 Written by Gerard Lerod

New York, February 1st (TradersHuddle.com) - Shares of Diamond Offshore Drilling, Inc. (NYSE:DO) are trading higher by +1.30% ahead of its quarterly earnings release. Diamond Offshore Drilling, the deep-water oil and natural gas driller is expected to release its quarterly results on January 2^nd.

Wall Street Analysts consensus calls for a profit of $0.99 a share on $738.27 million revenue.

Diamond Offshore Drilling estimates have a range of $0.38 a share. The high estimate calls for profit of $1.18 a share and the low estimate is calling for a profit of $0.8 a share, a year ago for the quarter the company reported $1.73 a share.

Diamond Offshore Drilling, Inc. (NYSE:DO) drills offshore oil and gas wells on a contract basis. The Company is a world-wide deep water driller that serves markets that include the deep water, harsh environment, conventional semisubmersible and jack-up markets.

Other companies on the watch on this earnings event are Transocean Ltd. NYSE:RIG and Helmerich & Payne, Inc. NYSE:HP.