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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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 position in any of the stocks mentioned. 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.