The 10-second takeaway
For the quarter ended March 31 (Q1), Core Laboratories missed slightly on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Margins expanded across the board.
Core Laboratories chalked up revenue of $234.2 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $238.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $206.7 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 $1.06. The nine earnings estimates compiled by S&P Capital IQ anticipated $1.07 per share on the same basis. GAAP EPS of $1.13 for Q1 were 20% higher than the prior-year quarter's $0.94 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 36.3%, 240 basis points better than the prior-year quarter. Operating margin was 31.6%, 490 basis points better than the prior-year quarter. Net margin was 23.0%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $254.4 million. On the bottom line, the average EPS estimate is $1.16.
Next year's average estimate for revenue is $1.04 billion. The average EPS estimate is $4.76.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 547 members rating the stock outperform and 14 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 137 give Core Laboratories 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 Core Laboratories is outperform, with an average price target of $121.00.
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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.