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.
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