Jefferies Financial Group Research Analysts Raise Earnings Estimates for Saipem SpA (OTCMKTS:SAPMF)

Saipem SpA (OTCMKTS:SAPMF – Get Rating) – Stock analysts at Jefferies Financial Group upped their Q4 2023 earnings per share estimates for Saipem in a report released on Wednesday, April 20th. Jefferies Financial Group analyst M. Wilson now forecasts that the company will post earnings of $0.03 per share for the quarter, up from their prior 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 cut shares of Saipem from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

OTCMKTS:SAPMF opened at $1.18 on Thursday. Saipem has a 1-year low of $1.07 and a 1-year high of $2.85. The firm has a fifty day simple moving average of $1.19 and a 200 day simple moving average of $1.82.

About Saipem (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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