Noble Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Noble (NYS: NE) reported earnings on Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Noble met expectations on revenues and beat slightly on earnings per share.

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


Margins grew across the board.

Revenue details
Noble recorded revenue of $898.9 million. The 17 analysts polled by S&P Capital IQ expected a top line of $896.2 million on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $603.9 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 $0.59. The 27 earnings estimates compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.63 for Q2 were 200% higher than the prior-year quarter's $0.21 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 51.6%, 880 basis points better than the prior-year quarter. Operating margin was 25.5%, 1,240 basis points better than the prior-year quarter. Net margin was 17.8%, 880 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $955.4 million. On the bottom line, the average EPS estimate is $0.70.

Next year's average estimate for revenue is $3.69 billion. The average EPS estimate is $2.75.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,240 members rating the stock outperform and 33 members rating it underperform. Among 506 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 498 give Noble a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Noble is outperform, with an average price target of $46.16.

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The article Noble Beats Analyst Estimates on EPS 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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