The 10-second takeaway
For the quarter ended March 31 (Q1), Newpark Resources beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share expanded.
Gross margins grew, operating margins were steady, net margins grew.
Newpark Resources booked revenue of $282.5 million. The nine analysts polled by S&P Capital IQ expected a top line of $278.9 million on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $262.3 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 $0.18. The nine earnings estimates compiled by S&P Capital IQ averaged $0.17 per share. GAAP EPS of $0.18 for Q1 were 13% higher than the prior-year quarter's $0.16 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 18.4%, 30 basis points better than the prior-year quarter. Operating margin was 10.0%, much about the same as the prior-year quarter. Net margin was 6.2%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $281.0 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $1.15 billion. The average EPS estimate is $0.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 380 members out of 391 rating the stock outperform, and 11 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Newpark Resources a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newpark Resources is outperform, with an average price target of $10.50.
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