Seacor Holdings Whiffs on Revenues
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.
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.
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 $0.66. 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.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
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.
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.
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.
Is Seacor Holdings 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 Seacor Holdings to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.