Hornbeck Offshore Services (NYSE: HOS) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Hornbeck Offshore Services' revenues will increase 64.9% and EPS will drop -261.5%.
The average estimate for revenue is $133.3 million. On the bottom line, the average EPS estimate is $0.42.
Revenue details
Last quarter, Hornbeck Offshore Services logged revenue of $120.0 million. GAAP reported sales were 66% higher than the prior-year quarter's $72.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.27. GAAP EPS were $0.18 for Q1 versus -$0.34 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 50.6%, 820 basis points better than the prior-year quarter. Operating margin was 23.9%, 2,370 basis points better than the prior-year quarter. Net margin was 5.3%, 1,780 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $535.3 million. The average EPS estimate is $1.77.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 383 members out of 395 rating the stock outperform, and 12 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Hornbeck Offshore 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 Hornbeck Offshore Services is outperform, with an average price target of $46.70.
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