The 10-second takeaway
For the quarter ended March 31 (Q1), Gulfmark Offshore beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew.
Gross margins contracted, operating margins grew, net margins grew.
Gulfmark Offshore tallied revenue of $96.9 million. The seven analysts polled by S&P Capital IQ predicted revenue of $93.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $87.4 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 $0.11. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were $0.11 for Q1 versus -$0.11 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 36.3%, 80 basis points worse than the prior-year quarter. Operating margin was 9.4%, 340 basis points better than the prior-year quarter. Net margin was 3.0%, 630 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $105.7 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $436.2 million. The average EPS estimate is $2.12.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 442 members out of 450 rating the stock outperform, and eight members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 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 $42.06.
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