The 10-second takeaway
For the quarter ended June 30 (Q2), Seacor Holdings beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share expanded. GAAP earnings per share expanded significantly.
Margins increased across the board.
Seacor Holdings chalked up revenue of $315.6 million. The two analysts polled by S&P Capital IQ expected revenue of $288.0 million on the same basis. GAAP reported sales were 36% lower than the prior-year quarter's $494.4 million.
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 $0.49. The two earnings estimates compiled by S&P Capital IQ anticipated $1.01 per share. Non-GAAP EPS were $0.49 for Q2 versus -$0.04 per share for the prior-year quarter. GAAP EPS of $0.97 for Q2 were 80% higher than the prior-year quarter's $0.54 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)
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 23.9%, 550 basis points better than the prior-year quarter. Operating margin was 2.2%, 170 basis points better than the prior-year quarter. Net margin was 6.1%, 380 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $313.3 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $0.93.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 109 members out of 116 rating the stock outperform, and seven members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Seacor Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seacor Holdings is hold, with an average price target of $79.00.
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