Superior Energy Services Beats on Both Top and Bottom Lines

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Superior Energy Services (NYS: SPN) reported earnings on April 26. Here are the numbers you need to know.

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

Compared with the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.


Gross margins contracted, operating margins improved, net margins expanded.

Revenue details
Superior Energy Services booked revenue of $966.8 million. The six analysts polled by S&P Capital IQ looked for a top line of $928.0 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $414.0 million.

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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 $0.71. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.59 per share. GAAP EPS of $0.42 for Q1 were 121% higher than the prior-year quarter's $0.19 per share.

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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 43.4%, 10 basis points worse than the prior-year quarter. Operating margin was 14.6%, 640 basis points better than the prior-year quarter. Net margin was 5.6%, 190 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $0.85.

Next year's average estimate for revenue is $4.92 billion. The average EPS estimate is $3.34.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 831 members out of 842 rating the stock outperform, and 11 members rating it underperform. Among 196 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 193 give Superior Energy Services a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Superior Energy Services is buy, with an average price target of $42.60.

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. He is the 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 don't 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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