Does The Street Have DryShips Figured Out?

Seth Jayson, The Motley Fool
Updated

DryShips (NAS: DRYS) is expected to report Q3 earnings around Nov. 6. 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 DryShips's revenues will expand 5.7% and EPS will shrink to a loss.

The average estimate for revenue is $336.3 million. On the bottom line, the average EPS estimate is -$0.01.


Revenue details
 Last quarter, DryShips booked revenue of $336.1 million. GAAP reported sales were 50% higher than the prior-year quarter's $224.0 million.

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 -$0.03. GAAP EPS were -$0.05 for Q2 against -$0.33 per share for the prior-year quarter.

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 48.6%, 1,100 basis points worse than the prior-year quarter. Operating margin was 13.8%, 460 basis points worse than the prior-year quarter. Net margin was -5.4%, 4,550 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.21 billion. The average EPS estimate is -$0.17.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,930 members out of 3,295 rating the stock outperform, and 365 members rating it underperform. Among 545 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 432 give DryShips a green thumbs-up, and 113 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DryShips is hold, with an average price target of $3.93.

The article Does The Street Have DryShips Figured Out? originally appeared on Fool.com.

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 Motley Fool has no positions in the stocks mentioned above. 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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