Helmerich & Payne Beats Analyst Estimates on EPS

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Helmerich & Payne (NYS: HP) reported earnings on Jan. 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Helmerich & Payne beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.

Margins improved across the board.

Revenue details
Helmerich & Payne booked revenue of $732.6 million. The 13 analysts polled by S&P Capital IQ expected a top line of $721.9 million. Sales were 23% higher than the prior-year quarter's $594.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $1.32. The 18 earnings estimates compiled by S&P Capital IQ anticipated $1.15 per share. GAAP EPS of $1.32 for Q1 were 37% higher than the prior-year quarter's $0.96 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 46.6%, 210 basis points better than the prior-year quarter. Operating margin was 30.8%, 250 basis points better than the prior-year quarter. Net margin was 19.7%, 220 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $745.6 million. On the bottom line, the average EPS estimate is $1.20.

Next year's average estimate for revenue is $3.05 billion. The average EPS estimate is $4.97.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,001 members out of 1,075 rating the stock outperform, and 74 members rating it underperform. Among 253 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 give Helmerich & Payne a green thumbs-up, and 10 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 $66.35.

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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.

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