Helmerich & Payne
The 10-second takeaway
For the quarter ended June 30 (Q3), Helmerich & Payne met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew. GAAP earnings per share expanded significantly.
Gross margins expanded, operating margins dropped, net margins expanded.
Helmerich & Payne chalked up revenue of $840.2 million. The 15 analysts polled by S&P Capital IQ anticipated revenue of $845.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.44. The 22 earnings estimates compiled by S&P Capital IQ predicted $1.34 per share. Non-GAAP EPS of $1.44 for Q3 were 5.1% higher than the prior-year quarter's $1.37 per share. GAAP EPS of $2.46 for Q3 were 78% higher than the prior-year quarter's $1.38 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 46.3%, 290 basis points better than the prior-year quarter. Operating margin was 28.1%, 10 basis points worse than the prior-year quarter. Net margin was 31.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $860.9 million. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $3.38 billion. The average EPS estimate is $5.46.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,030 members out of 1,105 rating the stock outperform, and 75 members rating it underperform. Among 198 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 185 give Helmerich & Payne a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helmerich & Payne is outperform, with an average price target of $69.90.
Is Helmerich & Payne 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 Helmerich & Payne to My Watchlist.