Transocean Q3 Earnings on Deck: What's in Store for the Stock?

Key Takeaways Transocean will report Q3 earnings on Oct. 29, with estimates at $0.04 per share on $1.01B revenues.The Ultra-Deepwater Floaters segment is projected to grow nearly 10% year over year to $733.9M.Average utilization is estimated at 75%, up 11.1% from last year, though costs likely rose 1.5%.Transocean Ltd. (RIG) is set to release third-quarter results on Oct. 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 4 cents per share on revenues of $1.01 billion.Let ...