Overseas Shipholding Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Overseas Shipholding Group beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share dropped.
Margins improved across the board.
Overseas Shipholding Group booked revenue of $256.4 million. The eight analysts polled by S&P Capital IQ expected revenue of $219.5 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $232.0 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 -$2.20. The 14 earnings estimates compiled by S&P Capital IQ anticipated -$2.11 per share on the same basis. GAAP EPS were -$1.65 for Q3 versus -$1.82 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 quarter, gross margin was 8.6%, 240 basis points better than the prior-year quarter. Operating margin was -16.2%, 670 basis points better than the prior-year quarter. Net margin was -19.4%, 440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $227.0 million. On the bottom line, the average EPS estimate is -$2.14.
Next year's average estimate for revenue is $895.6 million. The average EPS estimate is -$6.75.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Overseas Shipholding Group is underperform, with an average price target of $13.56.
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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 here. He is 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 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.