Helmerich & Payne
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Helmerich & Payne beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
Helmerich & Payne reported revenue of $829.4 million. The 13 analysts polled by S&P Capital IQ expected revenue of $812.9 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $700.8 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 $1.36. The 19 earnings estimates compiled by S&P Capital IQ predicted $1.25 per share. GAAP EPS of $1.46 for Q4 were 32% higher than the prior-year quarter's $1.11 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 46.1%, 270 basis points better than the prior-year quarter. Operating margin was 28.3%, 60 basis points better than the prior-year quarter. Net margin was 18.9%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $815.4 million. On the bottom line, the average EPS estimate is $1.20.
Next year's average estimate for revenue is $3.26 billion. The average EPS estimate is $4.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,015 members out of 1,091 rating the stock outperform, and 76 members rating it underperform. Among 206 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 191 give Helmerich & Payne a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helmerich & Payne is outperform, with an average price target of $56.10.
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