Cal Dive International (NYS: DVR) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Cal Dive International whiffed on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP loss per share increased.
Margins shrank across the board.
Cal Dive International reported revenue of $60.0 million. The three analysts polled by S&P Capital IQ anticipated sales of $83.9 million on the same basis. GAAP reported sales were 37% lower than the prior-year quarter's $95.4 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 -$0.25. The four earnings estimates compiled by S&P Capital IQ predicted -$0.22 per share. GAAP EPS were -$0.26 for Q1 versus -$0.20 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 -27.4%, 1,980 basis points worse than the prior-year quarter. Operating margin was -49.8%, 2,550 basis points worse than the prior-year quarter. Net margin was -40.5%, 2,090 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $162.5 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $575.2 million. The average EPS estimate is $0.11.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 520 members out of 541 rating the stock outperform, and 21 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Cal Dive International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cal Dive International is outperform, with an average price target of $4.90.
Is Cal Dive International 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 Cal Dive International 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.