Oil States International
The 10-second takeaway
For the quarter ended June 30 (Q2), Oil States International met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Oil States International reported revenue of $1.04 billion. The 12 analysts polled by S&P Capital IQ looked for sales of $1.04 billion on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $1.09 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $1.50. The 17 earnings estimates compiled by S&P Capital IQ anticipated $1.51 per share. Non-GAAP EPS of $1.50 for Q2 were 24% lower than the prior-year quarter's $1.98 per share. GAAP EPS of $1.38 for Q2 were 31% lower than the prior-year quarter's $2.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 24.7%, 20 basis points worse than the prior-year quarter. Operating margin was 12.2%, 330 basis points worse than the prior-year quarter. Net margin was 7.4%, 280 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $1.70.
Next year's average estimate for revenue is $4.29 billion. The average EPS estimate is $6.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 418 members out of 436 rating the stock outperform, and 18 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Oil States International 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 Oil States International is outperform, with an average price target of $97.96.
Is Oil States International 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 Oil States International 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. 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.