Offshore drilling contractor Noble Corporation (NYSE: NE) will be reporting results next tomorrow after market close. Here’s what to look for.
Noble Corporation beat analysts’ revenue expectations last quarter, reporting revenues of $764.4 million, down 17.6% year on year. It was a mixed quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Noble Corporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Noble Corporation’s revenue to decline 15.9% year on year, a reversal from the 37.3% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Noble Corporation rarely misses Wall Street’s revenue estimates.
Looking at Noble Corporation’s peers in the oilfield services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. World Kinect delivered year-on-year revenue growth of 2.5%, beating analysts’ expectations by 10.4%, and Liberty Energy reported revenues up 4.5%, topping estimates by 6.7%. World Kinect traded up 11% following the results while Liberty Energy was also up 9.9%.
Read our full analysis of World Kinect’s results here and Liberty Energy’s results here.
Late 2025's AI disruption anxiety drove a defensive rotation, but by spring 2026 the US-Iran conflict had become the dominant story, proving that markets rarely dwell on one narrative for long. While some of the oilfield services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. Noble Corporation’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $45.70 (compared to the current share price of $49.67).
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