Why Is Transocean (RIG) Down 9.9% Since Last Earnings Report?

Core Viewpoint - Transocean's shares have declined approximately 9.9% since the last earnings report, underperforming the S&P 500, raising questions about the potential for continued negative trends or a breakout before the next earnings release [1] Estimates Movement - Estimates for Transocean have trended downward over the past month, with a significant consensus estimate shift of -162.5% [2] VGM Scores - Transocean currently holds an average Growth Score of C, a Momentum Score of F, and a Value Score of B, resulting in an aggregate VGM Score of C, indicating a mixed performance across different investment strategies [3] Outlook - The overall trend of downward revisions suggests a negative outlook for Transocean, which currently holds a Zacks Rank of 3 (Hold), indicating expectations for an in-line return in the coming months [4]