Bristow Group Crushes Earnings Estimates

Seth Jayson, The Motley Fool
Updated

Bristow Group (NYS: BRS) reported earnings on May 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q4), Bristow Group beat expectations on revenues and crushed expectations on earnings per share.

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


Gross margins grew, operating margins expanded, net margins shrank.

Revenue details
Bristow Group booked revenue of $358.4 million. The three analysts polled by S&P Capital IQ looked for revenue of $326.4 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $310.1 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 $1.22. The five earnings estimates compiled by S&P Capital IQ anticipated $1.00 per share. GAAP EPS of $0.39 for Q4 were 53% lower than the prior-year quarter's $0.83 per share.

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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 30.4%, 360 basis points better than the prior-year quarter. Operating margin was 13.7%, 220 basis points better than the prior-year quarter. Net margin was 4.0%, 600 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $360.5 million. On the bottom line, the average EPS estimate is $1.05.

Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $4.19.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 237 members out of 245 rating the stock outperform, and eight members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Bristow Group 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 Bristow Group is hold, with an average price target of $52.80.

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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. The Fool owns shares of and has written calls on Bristow Group. 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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