Superior Energy Services (NYSE: SPN ) is expected to report Q2 earnings on July 29. 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 Superior Energy Services's revenues will compress -5.6% and EPS will wane -45.8%.
The average estimate for revenue is $1.17 billion. On the bottom line, the average EPS estimate is $0.45.
Last quarter, Superior Energy Services logged revenue of $1.14 billion. GAAP reported sales were 17% higher than the prior-year quarter's $966.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.52. GAAP EPS of $0.40 for Q1 were 4.8% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 37.7%, 570 basis points worse than the prior-year quarter. Operating margin was 11.3%, 630 basis points worse than the prior-year quarter. Net margin was 5.6%, much about the same as the prior-year quarter.
The full year's average estimate for revenue is $4.83 billion. The average EPS estimate is $2.01.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 841 members out of 852 rating the stock outperform, and 11 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 163 give Superior Energy Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Superior Energy Services is buy, with an average price target of $31.62.
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