The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Dawson Geophysical missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Margins increased across the board.
Dawson Geophysical logged revenue of $92.4 million. The one analyst polled by S&P Capital IQ predicted sales of $95.6 million. Sales were 27% higher than the prior-year quarter's $72.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.23. The four earnings estimates compiled by S&P Capital IQ averaged $0.28 per share on the same basis. GAAP EPS were $0.41 for Q1 against -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 14.7%, 580 basis points better than the prior-year quarter. Operating margin was 3.5%, 740 basis points better than the prior-year quarter. Net margin was 3.5%, 580 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $105.3 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $426.5 million. The average EPS estimate is $2.16.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dawson Geophysical is outperform, with an average price target of $50.33.
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Seth Jayson owned shares of the following at the time of publication: Dawson Geophysical. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Dawson Geophysical. Motley Fool newsletter services have recommended buying shares of Dawson Geophysical. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.