Overseas Shipholding Group Catches Analysts Sleeping Again
Overseas Shipholding Group (NYS: OSG) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Overseas Shipholding Group beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share dropped.
Margins improved across the board.
Overseas Shipholding Group booked revenue of $256.4 million. The eight analysts polled by S&P Capital IQ expected revenue of $219.5 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $232.0 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 -$2.20. The 14 earnings estimates compiled by S&P Capital IQ anticipated -$2.11 per share on the same basis. GAAP EPS were -$1.65 for Q3 versus -$1.82 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 8.6%, 240 basis points better than the prior-year quarter. Operating margin was -16.2%, 670 basis points better than the prior-year quarter. Net margin was -19.4%, 440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $227.0 million. On the bottom line, the average EPS estimate is -$2.14.
Next year's average estimate for revenue is $895.6 million. The average EPS estimate is -$6.75.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Overseas Shipholding Group is underperform, with an average price target of $13.56.
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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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