Noble plc-Noble Corporation PLC (NE) Misses Q1 Earnings Estimates

Core Viewpoint - Noble Corporation PLC reported quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of$ 0.31 per share, and down from $0.45 per share a year ago, indicating an earnings surprise of -16.13% [1] - The company posted revenues of$ 874.49 million for the quarter, surpassing the Zacks Consensus Estimate by 2.41%, and up from $637.08 million year-over-year [2] Earnings Performance - Over the last four quarters, Noble Corporation has surpassed consensus EPS estimates only once [2] - The company had an earnings surprise of -5.08% in the previous quarter, with actual earnings of$ 0.56 per share against an expected $0.59 [1][2] Stock Performance - Noble Corporation shares have declined approximately 33.1% since the beginning of the year, compared to a decline of -6.1% for the S&P 500 [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.60 on revenues of $871.35 million, and for the current fiscal year, it is$ 1.29 on revenues of $3.39 billion [7] - The outlook for the Oil and Gas - Drilling industry is unfavorable, currently ranking in the bottom 13% of over 250 Zacks industries, which may impact Noble Corporation's stock performance [8]