Gulf Island Fabrication
The 10-second takeaway
For the quarter ended March 31 (Q1), Gulf Island Fabrication missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew.
Margins improved across the board.
Gulf Island Fabrication logged revenue of $113.1 million. The four analysts polled by S&P Capital IQ expected revenue of $118.3 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $46.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The five earnings estimates compiled by S&P Capital IQ averaged $0.33 per share. GAAP EPS were $0.47 for Q1 against -$0.49 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 11.2%, 1,530 basis points better than the prior-year quarter. Operating margin was 8.9%, 1,710 basis points better than the prior-year quarter. Net margin was 6.0%, 2,100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $137.8 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $562.1 million. The average EPS estimate is $2.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 362 members out of 379 rating the stock outperform, and 17 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Gulf Island Fabrication a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulf Island Fabrication is hold, with an average price target of $39.75.
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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.