Gulfmark Offshore (NYSE: GLF ) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Gulfmark Offshore's revenues will grow 0.3% and EPS will drop -29.8%.
The average estimate for revenue is $105.2 million. On the bottom line, the average EPS estimate is $0.33.
Last quarter, Gulfmark Offshore notched revenue of $96.9 million. GAAP reported sales were 11% higher than the prior-year quarter's $87.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.11. GAAP EPS were $0.11 for Q1 against -$0.11 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 preceding quarter, gross margin was 36.3%, 80 basis points worse than the prior-year quarter. Operating margin was 9.4%, 340 basis points better than the prior-year quarter. Net margin was 3.0%, 630 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $444.3 million. The average EPS estimate is $2.38.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 438 members out of 444 rating the stock outperform, and six members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give Gulfmark Offshore a green thumbs-up, and one give 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 $42.06.
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