Q3 2023 EPS Estimates for Saipem SpA (OTCMKTS:SAPMF) Reduced by Jefferies Financial Group

Saipem SpA (OTCMKTS:SAPMF – Get Rating) – Analysts at Jefferies Financial Group reduced their Q3 2023 earnings per share estimates for shares of Saipem in a research report issued to clients and investors on Thursday, May 19th. Jefferies Financial Group analyst M. Wilson now expects that the company will earn $0.02 per share for the quarter, down from their prior estimate of $0.03. Jefferies Financial Group also issued estimates for Saipem’s FY2025 earnings at $0.12 EPS.

Separately, Zacks Investment Research upgraded Saipem from a “sell” rating to a “hold” rating in a research note on Friday.

Saipem stock opened at $1.24 on Friday. The stock has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.64. Saipem has a 52 week low of $1.07 and a 52 week high of $2.85.

About Saipem (Get Rating)

Saipem SpA provides energy and infrastructure solutions worldwide. The company operates through five divisions: Offshore Engineering & Construction (E&C), Onshore Engineering & Construction, Offshore Drilling, Onshore Drilling, and XSIGHT. It offers engineering, construction, installation of platforms, pipelines, subsea fields, maintenance, modification, operation, and decommissioning activities, as well as develops marine wind farms and energy integration projects.

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