Atwood Oceanics (NYSE: ATW ) reported earnings on Jan. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Atwood Oceanics beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew.
Margins dropped across the board.
Atwood Oceanics notched revenue of $245.1 million. The 12 analysts polled by S&P Capital IQ expected to see a top line of $232.9 million on the same basis. GAAP reported sales were 33% higher than the prior-year quarter's $184.7 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 $1.10. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.93 per share. GAAP EPS of $1.10 for Q1 were 10% higher than the prior-year quarter's $1.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.3%, 330 basis points worse than the prior-year quarter. Operating margin was 36.1%, 550 basis points worse than the prior-year quarter. Net margin was 29.7%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $250.7 million. On the bottom line, the average EPS estimate is $1.25.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is $4.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,359 members out of 2,382 rating the stock outperform, and 23 members rating it underperform. Among 664 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 659 give Atwood Oceanics a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atwood Oceanics is outperform, with an average price target of $55.01.
Is Atwood Oceanics 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.