The 10-second takeaway
For the quarter ended March 31 (Q1), Gulfmark Offshore whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share expanded.
Gross margins increased, operating margins grew, and net margins dropped.
Gulfmark Offshore reported revenue of $87.4 million. The six analysts polled by S&P Capital IQ expected revenue of $100.0 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $81.3 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 $0.03. The six earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS were -$0.11 for Q1 versus -$0.05 per share for 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 44.2%, 670 basis points better than the prior-year quarter. Operating margin was 6.0%, 60 basis points better than the prior-year quarter. Net margin was -3.3%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $108.3 million. On the bottom line, the average EPS estimate is $0.81.
Next year's average estimate for revenue is $438 million. The average EPS estimate is $3.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 447 members rating the stock outperform and four members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Gulfmark Offshore a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfmark Offshore is outperform, with an average price target of $56.43.
Is Gulfmark Offshore the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Gulfmark Offshore to My Watchlist.