What will be the predicted Move for Rowan Companies plc (NYSE:RDC) on 7th day after earnings?


Rowan Companies plc (NYSE:RDC) moved down -2.46% and closed its last trading session at $17.86. This Oils-Energy Sector stock currently has the Market Capitalization of 2.24 Billion. The Average Volume for the stock is measured as 2.89 Million. The Stock has a 52-Week High of $21.68 and 52-Week Low of $11.12 following the dates, it touched its 52-Week High on Dec 12, 2016 and 52-Week Low on Feb 19, 2016. Currently, the Return on Assets value for the trailing twelve months is 5.5% with the Return on Equity and Return on Investment of 9.4% and 3.2% respectively. This firm currently has YTD (year to date) performance of -5.45 Percent which is not good. The Short Ratio for the stock is 8.34.

Rowan Companies plc (NYSE:RDC) Price to Earnings (P/E) ratio is 4.82. EPS or Earning per Share stands at $3.7. The TTM operating margin is 31.9 percent.

Rowan Companies plc (NYSE:RDC) reports its Earnings on Fri 24 Feb (In 8 Days). The estimated EPS for the current quarter is said to be $-0.07. Following Earnings result, share price were UP 13 times out of last 27 Qtrs. The stock has added about 38% since it reported its last earnings. The Closing price of Rowan Companies plc (NYSE:RDC) at Last Earnings was $13.27 as compared to the previous closing price of $18.31. The Predicted Move on the 7th day after Rowan Companies plc (NYSE:RDC) will release its earnings at about 5%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Rowan Companies plc (NYSE:RDC) beats earnings by 83%, The Stock Missed EarningsĀ  1 times and has met earningsĀ  1 times.

Earnings History:

We will discuss the past Quarters Earnings below:

Rowan Companies plc (NYSE:RDC) reported its previous quarter on 11/01/2016 where it reported the Actual Earnings of $0.3. The Closing price before the company posted its earnings was $13.27. The Stock surged on the very next day of earnings and maintained its stock price at $13.81 by showing a % change of 4.07 percent from its previous closing price. The Next Day Volume after Earnings was reported as 4.92 Million. On the 7th day After Earnings Report, the stock hit its share price as $13.65 by showing 2.86% increase from the Stock price Before Earnings were reported.

On 08/02/2016, the stock reported the EPS of $0.75 where Analysts were projecting the EPS to be $0.81 showing a difference of $-0.06. Thus Surprise Factor was there with -7.4 percent. Before Earnings Announcement on 08/02/2016, the firm had its stock price of $14.51. And immediately on the next day after earnings announcement, the stock declined -3.51% and closed its trading session at $14. On 7th Day after earnings release, Rowan Companies plc (NYSE:RDC) surged to 3.1% from $14.51 to $14.96.

On 05/04/2016, Analysts were suspecting EPS of $0.72/share where Rowan Companies plc (NYSE:RDC) reported its Actual EPS of $0.98. Thus showing a Surprise of 36.1 percent. The Closing Price of the stock before earnings was $17.97 while on the Next day the stock closed its trading session at $17.65 with a percentage change of -1.78% from the price of 17.97 before Earnings. The Stock Closing Price on the 7th day of earnings was $17.68.

Company Profile:

Rowan Companies plc provides offshore oil and gas contract drilling services. It operates a fleet of 31 mobile offshore drilling units, including 27 self-elevating jack-up rigs and 4 ultra-deepwater drillships. The company operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad. Rowan Companies plc was founded in 1923 and is based in Houston, Texas.