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.
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 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.
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.
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.
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.
Is Oil States International the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Oil States International to My Watchlist.
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 has no positions in the stocks mentioned above. 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.