Can DryShips Meet These Numbers?

Checking expectations

Seth Jayson
Seth Jayson
Mar 4, 2013 at 12:00AM
Other

DryShips (Nasdaq: DRYS) is expected to report Q4 earnings on March 6. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict DryShips's revenues will wither -12.0% and EPS will shrink to a loss.

The average estimate for revenue is $288.8 million. On the bottom line, the average EPS estimate is -$0.13.

Revenue details
Last quarter, DryShips tallied revenue of $343.6 million. GAAP reported sales were 8.0% higher than the prior-year quarter's $318.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.05. GAAP EPS were -$0.13 for Q3 versus $0.07 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 45.0%, much worse than the prior-year quarter. Operating margin was 10.7%, much worse than the prior-year quarter. Net margin was -14.9%, much worse than the prior-year quarter.

Looking ahead


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The full year's average estimate for revenue is $1.21 billion. The average EPS estimate is -$0.32.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,897 members out of 3,257 rating the stock outperform, and 360 members rating it underperform. Among 535 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 431 give DryShips a green thumbs-up, and 104 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DryShips is hold, with an average price target of $3.29.

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