Core Laboratories Earnings Are On Deck

Seth Jayson, The Motley Fool
Updated

Core Laboratories (NYS: CLB) is expected to report Q2 earnings on July 18. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Core Laboratories' revenues will grow 11.8% and EPS will improve 28.9%.

The average estimate for revenue is $252.5 million. On the bottom line, the average EPS estimate is $1.16.


Revenue details
Last quarter, Core Laboratories chalked up revenue of $234.2 million. GAAP reported sales were 13% higher than the prior-year quarter's $206.7 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
Last quarter, non-GAAP EPS came in at $1.06. GAAP EPS of $1.13 for Q1 were 20% higher than the prior-year quarter's $0.94 per share.

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

Recent performance
For the preceding quarter, gross margin was 36.3%, 240 basis points better than the prior-year quarter. Operating margin was 29.6%, 290 basis points better than the prior-year quarter. Net margin was 23.0%, 60 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.03 billion. The average EPS estimate is $4.81.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 544 members out of 555 rating the stock outperform, and 11 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give Core Laboratories a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Core Laboratories is hold, with an average price target of $121.00.

The article Core Laboratories Earnings Are On Deck originally appeared on Fool.com.

Seth Jaysonhad 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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