RPC's Earnings Beat Last Year's By 23%
RPC (NYS: RES) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), RPC met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins shrank across the board.
RPC logged revenue of $502.6 million. The six analysts polled by S&P Capital IQ looked for a top line of $506.5 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $381.8 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 $0.37. The eight earnings estimates compiled by S&P Capital IQ averaged $0.34 per share. GAAP EPS of $0.37 for Q1 were 23% higher than the prior-year quarter's $0.30 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 45.5%, 180 basis points worse than the prior-year quarter. Operating margin was 26.3%, 120 basis points worse than the prior-year quarter. Net margin was 16.1%, 110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $517.9 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $2.04 billion. The average EPS estimate is $1.29.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 474 members out of 497 rating the stock outperform, and 23 members rating it underperform. Among 143 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give RPC 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 RPC is hold, with an average price target of $12.36.
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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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