DIAMOND OFFSHORE DRILLING IN (DO) Forecast, Price Target & Analyst Ratings

NYSE:DO • US25271C2017

Current stock price

13.99 USD
-0.35 (-2.44%)
At close:
13.99 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for DIAMOND OFFSHORE DRILLING IN (DO).

Forecast Snapshot

Consensus Price Target

Price Target
$19.79
+ 41.44% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Nov 4, 2024
Period
Q3 / 2024
EPS Estimate
$0.30
Revenue Estimate
270.4M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
86.67%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$19.79
Upside
+ 41.44%
From current price of $13.99 to mean target of $19.79, Based on 15 analyst forecasts
Low
$16.16
Median
$20.40
High
$23.10

Price Target Revisions

1 Month
0.00%
3 Months
0.00%

Price Target Summary

15 Wall Street analysts provided a forecast for the next 12 months for DO. The average price target is 19.79 USD. This implies a price increase of 41.44% is expected in the next year compared to the current price of 13.99.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

DO Current Analyst RatingDO Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

DO Historical Analyst RatingsDO Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10

Analyst Ratings Consensus

ChartMill Buy Consensus
86.67%
DO was analyzed by 15 analysts. The buy percentage consensus is at 87. So analysts seem to be very confident about DO.
In the previous month the buy percentage consensus was at a similar level.
DO was analyzed by 15 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-05-10BarclaysMaintains Overweight -> Overweight
2024-03-05BarclaysMaintains Overweight -> Overweight
2023-11-28Capital OneInitiate Overweight
2023-09-05BTIGInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Nov 4, 2024
Period
Q3 / 2024
EPS Estimate
$0.30
Revenue Estimate
270.4M
Revenue Q2Q
20.22%
EPS Q2Q
122.16%
Number of Analysts
9

Next Earnings Revisions

Revenue (1 Month)
-0.57%
Revenue (3 Months)
-0.57%
EPS (1 Month)
7.81%
EPS (3 Months)
13.96%

Next Earnings Summary

DO is expected to report earnings on 11/4/2024. The consensus EPS estimate for the next earnings is 0.3 USD and the consensus revenue estimate is 270.40M USD.
The next earnings revenue estimate has been revised downward by 0.57% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
DO revenue by date.DO revenue by date.
725.4M
-1.13%		841.3M
15.98%		1.056B
25.54%		1.03B
-2.48%		1.147B
11.36%		1.2B
4.62%
EBITDA
YoY % growth
DO ebitda by date.DO ebitda by date.
6M
-68.91%		35.2M
486.67%		157.98M
348.81%		237.17M
50.13%		437.03M
84.27%		494.52M
13.15%
EBIT
YoY % growth
DO ebit by date.DO ebit by date.
-155.3M
48.37%		-68.3M
56.02%		46.679M
168.34%		115.44M
147.31%		315.18M
173.02%		373.38M
18.47%
Operating Margin
DO operating margin by date.DO operating margin by date.
-21.41%-8.12%4.42%11.21%27.48%31.12%
EPS
YoY % growth
DO eps by date.DO eps by date.
N/A
111.09%		N/A
-220.75%		-2.74
-144.56%		0.50
118.19%		2.06
312.88%		2.64
28.31%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25 Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.30
122.16%		-0.03
98.10%		0.46
82.31%		0.50
450.48%		0.55
81.48%		0.54
2,104.81%		0.63
38.98%		0.64
28.69%		0.64
16.38%		0.60
10.89%
Revenue
Q2Q % growth		270.4M
20.22%		223.18M
-20.19%		290.56M
12.29%		297.67M
23.91%		309.07M
14.30%		306.53M
37.35%		N/AN/AN/AN/A
EBITDA
Q2Q % growth		80.878M
-3.14%		42.472M
-72.76%		103.15M
82.36%		108.29M
28.57%		117.57M
45.37%		114.48M
169.54%		124.29M
20.49%		124.78M
15.23%		124.57M
5.95%		119.28M
4.19%
EBIT
Q2Q % growth		48.41M
48,510.00%		9.03M
-79.77%		74.984M
197.45%		73.697M
248.04%		86.211M
78.09%		84.924M
840.47%		N/AN/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

DO Yearly Revenue VS EstimatesDO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
DO Yearly EPS VS EstimatesDO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 -2 -4 -6 -8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
43.64%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
3.86%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
160.76%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

DIAMOND OFFSHORE DRILLING IN / DO Forecast FAQ

What is the average price target for DIAMOND OFFSHORE DRILLING IN (DO) stock?

15 analysts have analysed DO and the average price target is 19.79 USD. This implies a price increase of 41.44% is expected in the next year compared to the current price of 13.99.

When does DIAMOND OFFSHORE DRILLING IN (DO) report earnings?

DIAMOND OFFSHORE DRILLING IN (DO) will report earnings on 2024-11-04, after the market close.

What are the consensus estimates for DIAMOND OFFSHORE DRILLING IN (DO) next earnings?

The consensus EPS estimate for the next earnings of DIAMOND OFFSHORE DRILLING IN (DO) is 0.3 USD and the consensus revenue estimate is 270.40M USD.

What is the expected long term growth rate for DO stock?

The expected long term growth rate for DIAMOND OFFSHORE DRILLING IN (DO) is 3.86%.