The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gulfmark Offshore missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share dropped to a loss.
Margins shrank across the board.
Gulfmark Offshore booked revenue of $95.0 million. The six analysts polled by S&P Capital IQ predicted revenue of $100.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.16. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.28 per share. Non-GAAP EPS were -$0.16 for Q4 compared to $0.90 per share for the prior-year quarter. GAAP EPS were -$0.19 for Q4 versus $0.90 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.1%, much worse than the prior-year quarter. Operating margin was 2.2%, much worse than the prior-year quarter. Net margin was -5.1%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $100.3 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $456.4 million. The average EPS estimate is $3.12.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 444 members out of 451 rating the stock outperform, and seven members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 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 $43.83.
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