Superior Energy Services
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Superior Energy Services beat expectations on revenues and beat slightly on earnings per share.
Compared with the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Superior Energy Services logged revenue of $580.0 million. The eight analysts polled by S&P Capital IQ expected sales of $567.4 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $456.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.67. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.66 per share on the same basis. GAAP EPS of $0.24 for Q4 were 500% higher than the prior-year quarter's $0.04 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 46.3%, 260 basis points better than the prior-year quarter. Operating margin was 16.1%, 600 basis points better than the prior-year quarter. Net margin was 3.3%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $860.6 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $4.80 billion. The average EPS estimate is $3.44.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 825 members out of 838 rating the stock outperform, and 13 members rating it underperform. Among 234 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 231 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 $41.10.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.