Global Geophysical Services (NYS: GGS) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Global Geophysical Services missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins improved across the board.
Global Geophysical Services logged revenue of $96.1 million. The four analysts polled by S&P Capital IQ looked for a top line of $102.4 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $76.8 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 $0.19. The four earnings estimates compiled by S&P Capital IQ predicted $0.11 per share on the same basis. GAAP EPS of $0.18 for Q1 were 125% higher than the prior-year quarter's $0.08 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 36.9%, 860 basis points better than the prior-year quarter. Operating margin was 20.7%, 670 basis points better than the prior-year quarter. Net margin was 7.0%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $115.1 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $489.1 million. The average EPS estimate is $0.90.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 34 members out of 38 rating the stock outperform, and four members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Global Geophysical Services a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Geophysical Services is outperform, with an average price target of $15.25.
Is Global Geophysical Services the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
Add Global Geophysical Services 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.