Oil States International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Oil States International beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share shrank slightly. GAAP earnings per share grew.
Margins dropped across the board.
Oil States International reported revenue of $1.14 billion. The 13 analysts polled by S&P Capital IQ expected a top line of $1.09 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $995.8 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 $1.69. The 18 earnings estimates compiled by S&P Capital IQ averaged $1.89 per share. Non-GAAP EPS of $1.69 for Q4 were 1.7% lower than the prior-year quarter's $1.72 per share. GAAP EPS of $1.78 for Q4 were 4.1% higher than the prior-year quarter's $1.71 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 24.4%, 110 basis points worse than the prior-year quarter. Operating margin was 13.8%, 160 basis points worse than the prior-year quarter. Net margin was 8.6%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $1.96.
Next year's average estimate for revenue is $4.41 billion. The average EPS estimate is $7.77.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 403 members out of 422 rating the stock outperform, and 19 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give Oil States International a green thumbs-up, and four 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 $94.66.
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