Jefferies Financial Group Brokers Lift Earnings Estimates for Saipem SpA (OTCMKTS:SAPMF)

Saipem SpA (OTCMKTS:SAPMFGet Rating) – Equities research analysts at Jefferies Financial Group upped their Q4 2023 earnings per share (EPS) estimates for Saipem in a research report issued to clients and investors on Wednesday, April 20th. Jefferies Financial Group analyst M. Wilson now forecasts that the company will post earnings per share of $0.03 for the quarter, up from their previous estimate of $0.02. Jefferies Financial Group also issued estimates for Saipem’s Q1 2024 earnings at $0.00 EPS, FY2024 earnings at $0.04 EPS and FY2025 earnings at $0.07 EPS.

Separately, Zacks Investment Research downgraded shares of Saipem from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th.

SAPMF opened at $1.35 on Thursday. Saipem has a twelve month low of $1.07 and a twelve month high of $2.85. The company has a fifty day moving average of $1.20 and a 200-day moving average of $1.81.

Saipem Company Profile (Get Rating)

Saipem SpA engages in the engineering, procurement, and construction of projects in the energy and infrastructure sectors worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT.

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Earnings History and Estimates for Saipem (OTCMKTS:SAPMF)

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