Parker Drilling (NYS: PKD) reported earnings on Feb. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Parker Drilling met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded, and GAAP loss per share expanded.
Gross margins expanded, operating margins shrank, and net margins shrank.
Parker Drilling chalked up revenue of $181.1 million. The four analysts polled by S&P Capital IQ foresaw revenue of $182.8 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $173.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.17. The five earnings estimates compiled by S&P Capital IQ predicted $0.17 per share on the same basis. GAAP EPS were -$0.77 for Q4 against -$0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.9%, 960 basis points better than the prior-year quarter. Operating margin was -73.7%, 8,470 basis points worse than the prior-year quarter. Net margin was -49.8%, 4,210 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $192.6 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $822.3 million. The average EPS estimate is $0.71.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 654 members rating the stock outperform and 25 members rating it underperform. Among 137 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give Parker Drilling 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 Parker Drilling is outperform, with an average price target of $8.
Over the decades, small-cap stocks, like Parker Drilling have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add Parker Drilling to My Watchlist.
At the time thisarticle 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.