Hornbeck Offshore Services
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hornbeck Offshore Services beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Hornbeck Offshore Services recorded revenue of $133.2 million. The nine analysts polled by S&P Capital IQ expected sales of $128.2 million on the same basis. GAAP reported sales were 8.5% higher than the prior-year quarter's $122.7 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 $0.31. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.31 for Q4 were 31% lower than the prior-year quarter's $0.45 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 50.8%, 160 basis points worse than the prior-year quarter. Operating margin was 24.4%, 480 basis points worse than the prior-year quarter. Net margin was 8.5%, 310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $134.1 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $597.3 million. The average EPS estimate is $2.12.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 383 members out of 396 rating the stock outperform, and 13 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Hornbeck Offshore Services a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hornbeck Offshore Services is outperform, with an average price target of $46.00.
Is Hornbeck Offshore Services 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 Hornbeck Offshore Services to My Watchlist.