The 10-second takeaway
For the quarter ended March 31 (Q1), Newpark Resources missed estimates on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue grew significantly and GAAP earnings per share didn't move.
Margins contracted across the board.
Newpark Resources reported revenue of $262.3 million. The 10 analysts polled by S&P Capital IQ expected a top line of $269.6 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $202.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.16. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.16 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.1%, 340 basis points worse than the prior-year quarter. Operating margin was 10.0%, 400 basis points worse than the prior-year quarter. Net margin was 6.0%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $269.7 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $0.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 376 members out of 387 rating the stock outperform, and 11 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Newpark Resources a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newpark Resources is outperform, with an average price target of $11.85.
- Add Newpark Resources to My Watchlist.