McDermott International (NYSE:MDR) shares traded on 0.16% up secure line and closed at $6.31. The stock exchanged hands 1.59 Million shares versus average trading capacity of 2.6 Million shares. It has a market cap of $1.75 Billion.
Wall Street analysts are predicting that McDermott International (NYSE:MDR) will report earnings per share of $0.14 in their quarterly report. For the current quarter McDermott International (NYSE:MDR) has high EPS estimates of $0.17 in contradiction of low EPS estimates of $0.04. However a year ago for the same quarter the company has reported $0.08 EPS. Average estimation for the current quarter has been provided by 11 analysts.
Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.
McDermott International (NYSE:MDR) has average revenue estimates of $865.79 Million, compared to low analyst estimates of $696.96 Million and high estimates of $940 Million for the current quarter. A total number of 8 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $3.19 Billion compared to low analyst estimates of $3.08 Billion and high estimates of $3.24 Billion according to the prediction of 12 analysts.
Taking a broader look at the analyst consensus, according to 12 analysts McDermott International (NYSE:MDR)’s price will reach at $8.74 during 52 weeks. Its minimum price target estimates has been figured out at $7 while the maximum price target forecast is established at $11.5.
On the other hand McDermott International (NYSE:MDR) has Relative Strength Index (RSI 14) of 46.67 along with Average True Range (ATR 14) of 0.25. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently McDermott International (NYSE:MDR)’s weekly and monthly volatility is 4.60%, 3.72% respectively.