Oil States International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Oil States International missed slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins dropped across the board.
Revenue details
Oil States International reported revenue of $1.08 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $1.10 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $902.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.97. The 13 earnings estimates compiled by S&P Capital IQ averaged $1.93 per share. GAAP EPS of $1.87 for Q3 were 12% higher than the prior-year quarter's $1.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 24.7%, 160 basis points worse than the prior-year quarter. Operating margin was 14.3%, 170 basis points worse than the prior-year quarter. Net margin was 9.6%, 60 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $1.92.
Next year's average estimate for revenue is $4.39 billion. The average EPS estimate is $8.07.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 399 members out of 418 rating the stock outperform, and 19 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 89 give Oil States International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Oil States International is outperform, with an average price target of $98.63.
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