Seacor Holdings Whiffs on Revenues

Seth Jayson, The Motley Fool
Updated

Seacor Holdings (NYS: CKH) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Seacor Holdings whiffed on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.


Margins improved across the board.

Revenue details
Seacor Holdings chalked up revenue of $497.9 million. The two analysts polled by S&P Capital IQ looked for revenue of $564.7 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $438.0 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.66. The three earnings estimates compiled by S&P Capital IQ forecast $1.24 per share. GAAP EPS of $1.75 for Q1 were 237% higher than the prior-year quarter's $0.52 per share. (The prior-year quarter included -$0.06 per share in earnings from discontinued operations.)

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.9%, 90 basis points better than the prior-year quarter. Operating margin was 5.7%, 200 basis points better than the prior-year quarter. Net margin was 7.3%, 470 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $582.3 million. On the bottom line, the average EPS estimate is $1.43.

Next year's average estimate for revenue is $2.36 billion. The average EPS estimate is $5.62.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 110 members out of 115 rating the stock outperform, and five members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Seacor Holdings a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Seacor Holdings is hold, with an average price target of $97.00.

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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.

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