The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict ION Geophysical's revenues will grow 35.8% and EPS will increase 250.0%.
The average estimate for revenue is $120.3 million. On the bottom line, the average EPS estimate is $0.07.
Last quarter, ION Geophysical logged revenue of $111.7 million. GAAP reported sales were 23% higher than the prior-year quarter's $90.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.05. GAAP EPS of $0.05 for Q1 were much higher than the prior-year quarter's $0.00 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 36.8%, 240 basis points better than the prior-year quarter. Operating margin was 10.4%, 370 basis points better than the prior-year quarter. Net margin was 7.7%, 720 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $584.5 million. The average EPS estimate is $0.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 739 members out of 778 rating the stock outperform, and 39 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give ION Geophysical a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ION Geophysical is outperform, with an average price target of $12.50.
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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 the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.