Noble Beats Analyst Estimates on EPS
Noble (NYS: NE) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Noble met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.
Gross margin contracted, operating margin increased, and net margin increased.
Noble recorded revenue of $797.7 million. The 19 analysts polled by S&P Capital IQ wanted to see revenue of $794.1 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $578.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The 28 earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.47 for Q1 were 124% higher than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.4%, 30 basis points worse than the prior-year quarter. Operating margin was 18.0%, 680 basis points better than the prior-year quarter. Net margin was 15.1%, 570 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $925.2 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $3.70 billion. The average EPS estimate is $2.86.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,262 members out of 2,294 rating the stock outperform, and 32 members rating it underperform. Among 567 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 560 give Noble a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble is outperform, with an average price target of $45.06.
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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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