Superior Energy Services
The 10-second takeaway
For the quarter ended March 31 (Q1), Superior Energy Services met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped.
Gross margins contracted, operating margins dropped, net margins were steady.
Superior Energy Services booked revenue of $1.14 billion. The nine analysts polled by S&P Capital IQ hoped for revenue of $1.14 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $966.8 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 $0.52. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.40 per share. Non-GAAP EPS of $0.52 for Q1 were 27% lower than the prior-year quarter's $0.71 per share. (The prior-year quarter included -$0.13 per share in earnings from discontinued operations.) GAAP EPS of $0.40 for Q1 were 4.8% lower than the prior-year quarter's $0.42 per share. (The prior-year quarter included -$0.13 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.7%, 570 basis points worse than the prior-year quarter. Operating margin was 11.3%, 630 basis points worse than the prior-year quarter. Net margin was 5.6%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.19 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $4.86 billion. The average EPS estimate is $2.16.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 844 members out of 855 rating the stock outperform, and 11 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give Superior Energy Services 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 Superior Energy Services is outperform, with an average price target of $31.62.
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