MDR Stock

McDermott International was a top stock pick based on predictive algorithm recommended to I Know First subscribers on March 1st for the 14 Day time horizon. MDR had a signal of 19.11 and a predictability of 0.36. In accordance with the algorithm, the company reported short-term capital gains of 34.40%.

MDR was part of the stock forecast that can be found in the “Top Aggressive Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• Top 10 tech stocks for the long position
• Top 10 tech stocks for the short position

McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.

McDermott International  last posted its quarterly earnings results on Monday. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.09. The company had revenue of $806.40 million for the quarter, compared to the consensus estimate of $715.83 million. During the same quarter in the prior year, the company posted ($1.37) earnings per share. The company’s quarterly revenue was up 55.9% on a year-over-year basis. Analysts expect that McDermott International will post $-0.10 EPS for the current fiscal year.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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