The 10-second takeaway
For the quarter ended March 31 (Q1), Gulfmark Offshore whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share expanded.
Gross margins increased, operating margins grew, and net margins dropped.
Gulfmark Offshore reported revenue of $87.4 million. The six analysts polled by S&P Capital IQ expected revenue of $100.0 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $81.3 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 $0.03. The six earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS were -$0.11 for Q1 versus -$0.05 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 44.2%, 670 basis points better than the prior-year quarter. Operating margin was 6.0%, 60 basis points better than the prior-year quarter. Net margin was -3.3%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $108.3 million. On the bottom line, the average EPS estimate is $0.81.
Next year's average estimate for revenue is $438 million. The average EPS estimate is $3.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 447 members rating the stock outperform and four members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Gulfmark Offshore a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfmark Offshore is outperform, with an average price target of $56.43.
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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. The Motley Fool owns shares of Gulfmark Offshore. 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.