The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Gulfmark Offshore missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped.
Margins dropped across the board.
Gulfmark Offshore chalked up revenue of $101.9 million. The eight analysts polled by S&P Capital IQ looked for revenue of $108.3 million on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter's $103.8 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 $0.36. The six earnings estimates compiled by S&P Capital IQ predicted $0.71 per share. GAAP EPS of $0.49 for Q3 were 9.3% lower than the prior-year quarter's $0.54 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 42.8%, 530 basis points worse than the prior-year quarter. Operating margin was 14.2%, 810 basis points worse than the prior-year quarter. Net margin was 12.8%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $107.9 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $407.8 million. The average EPS estimate is $1.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 448 members out of 455 rating the stock outperform, and seven members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Gulfmark Offshore a green thumbs-up, and one give 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 $46.94.
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