Vantage Drilling (AMEX: VTG) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Vantage Drilling met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share. GAAP earnings per share.
Gross margins increased, operating margins dropped, net margins dropped.
Vantage Drilling chalked up revenue of $147.0 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $147.1 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $107.7 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 -$0.08. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.05 per share. Non-GAAP EPS were -$0.08 for Q1 versus $0.00 per share for the prior-year quarter. GAAP EPS were -$0.41 for Q1 against $0.00 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 45.4%, 980 basis points better than the prior-year quarter. Operating margin was 28.6%, 920 basis points worse than the prior-year quarter. Net margin was -89.4%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $158.7 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $674.8 million. The average EPS estimate is $0.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 181 members out of 194 rating the stock outperform, and 13 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Vantage Drilling a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vantage Drilling is outperform, with an average price target of $2.58.
Is Vantage Drilling the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Vantage Drilling to My Watchlist.
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.