Helmerich & Payne (NYSE: HP ) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Helmerich & Payne beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins dropped across the board.
Helmerich & Payne reported revenue of $844.6 million. The 14 analysts polled by S&P Capital IQ foresaw net sales of $824.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $732.6 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 $1.40. The 22 earnings estimates compiled by S&P Capital IQ predicted $1.29 per share. GAAP EPS of $1.48 for Q1 were 12% higher than the prior-year quarter's $1.32 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 44.7%, 190 basis points worse than the prior-year quarter. Operating margin was 27.9%, 290 basis points worse than the prior-year quarter. Net margin was 18.9%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $821.8 million. On the bottom line, the average EPS estimate is $1.23.
Next year's average estimate for revenue is $3.35 billion. The average EPS estimate is $5.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,011 members out of 1,086 rating the stock outperform, and 75 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 give Helmerich & Payne a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helmerich & Payne is outperform, with an average price target of $57.55.
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