Comment
0
Tweet
0
Print
RSS Feeds

Gulfmark Offshore Beats on Both Top and Bottom Lines

Tuesday - 4/30/2013, 2:00am  ET

Gulfmark Offshore reported earnings on April 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Gulfmark Offshore beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew.

Gross margins contracted, operating margins grew, net margins grew.

Revenue details
Gulfmark Offshore tallied revenue of $96.9 million. The seven analysts polled by S&P Capital IQ predicted revenue of $93.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $87.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.11. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were $0.11 for Q1 versus -$0.11 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.3%, 80 basis points worse than the prior-year quarter. Operating margin was 9.4%, 340 basis points better than the prior-year quarter. Net margin was 3.0%, 630 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $105.7 million. On the bottom line, the average EPS estimate is $0.41.

Next year's average estimate for revenue is $436.2 million. The average EPS estimate is $2.12.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 442 members out of 450 rating the stock outperform, and eight members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Gulfmark Offshore a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gulfmark Offshore is outperform, with an average price target of $42.06.

Is Gulfmark Offshore 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.

This article was originally published as Gulfmark Offshore Beats on Both Top and Bottom Lineson Fool.com

Copyright © 2009 The Motley Fool, LLC. All rights reserved.