Boston, MA 04/23/2014 (wallstreetpr) – The 1Q2014 earnings of Hercules Offshore, Inc. (NASDAQ:HERO) is to be released on April 23, 2014. The earnings are estimated to be around $0.14 per share, and $263.82 million revenue is projected by the analysts for the quarter.
Moving ahead of the consensus estimate
As per the quarterly earnings data that was issued by Hercules Offshore on Feb 6, 2014, the company has beaten its consensus estimate of $0.08 by $0.06. The actual earning reported was $0.14 per share for 1Q2014.
The revenue of the company for 1Q2014 is $235.30 million, which is comparatively higher than the consensus estimate.
A rise in earnings as when compared to 1Q2013
Hercules Offshore, Inc. (NASDAQ:HERO), which earned $0.03 per share during 1Q2013 has now reported an increase in earnings during 1Q2014. The revenue of the company during the quarter was set on a steady rise by 34.7% on a yearly basis.
Plans for the next fiscal year
Hercules Offshore which has witnessed a steady rise in earnings is now expected to post $0.55 earnings per share for the FY2014 and $0.67 earnings per share for the FY2015.
April Fleet Status Report
Owning the largest shallow water drilling fleet in U.S., Hercules Offshore published its “April Fleet Status Report” on April 22, 2014. The report contains the details of various contracts pertaining to the company’s drilling rigs.
The Liftboat Fleet Status Report
Hercules Offshore, which owns and operates a fleet of 24 liftboats, published its Liftboat Fleet Status Report. The report contains the liftboat class information for March 2014 along with the revenue to the company and the number of operating days.
A weighing of the HERO shares
Analysts have weighed the shares of Hercules Offshore. Hercules Offshore, Inc. (NASDAQ:HERO) opened at 4.29 on Tuesday, and a 50-day moving average of $4.57 was reported. The market capital of Hercules Offshore is $685.8 million.
