Superior Energy Services
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Superior Energy Services beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share increased significantly.
Gross margins dropped, operating margins shrank, net margins grew.
Superior Energy Services logged revenue of $1.18 billion. The 11 analysts polled by S&P Capital IQ anticipated a top line of $1.14 billion on the same basis. GAAP reported sales were much higher than the prior-year quarter's $580.0 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 $0.49. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. Non-GAAP EPS of $0.49 for Q4 were 27% lower than the prior-year quarter's $0.67 per share. GAAP EPS of $0.48 for Q4 were 100% higher than the prior-year quarter's $0.24 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 38.7%, 760 basis points worse than the prior-year quarter. Operating margin was 12.4%, 440 basis points worse than the prior-year quarter. Net margin was 6.5%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.12 billion. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $4.73 billion. The average EPS estimate is $2.20.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 843 members out of 854 rating the stock outperform, and 11 members rating it underperform. Among 181 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 178 give Superior Energy Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Superior Energy Services is outperform, with an average price target of $27.12.
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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.