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DryShips Preview: Whither the Drill Rig IPO?

As for its fourth-quarter numbers, 13 analysts are targeting a profit of 26 cents a share on average for DryShips, up from 19 cents a year ago. The range is fairly wide, with 31 cents on the high end and 19 cents on the low.

Revenue is expected to come to $221 million, according to the consensus Wall Street estimate, up from $193 million a year ago.

DryShips stock was trading Wednesday afternoon at $4.97, up a penny from the previous session. The 52-week high came almost a year ago, in mid-April 2010, when the stock touched $6.82.

-- Written by Scott Eden in New York

>To contact the writer of this article, click here: Scott Eden.

>To follow the writer on Twitter, go to http://twitter.com/ScottEden.

>To submit a news tip, send an email to: tips@thestreet.com.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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