Hercules Offshore Earnings Are on Deck

Seth Jayson, The Motley Fool
Updated

Hercules Offshore (NAS: HERO) is expected to report Q2 earnings on July 31. 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 Hercules Offshore's revenues will grow 24.9% and EPS will turn positive

The average estimate for revenue is $223.4 million. On the bottom line, the average EPS estimate is $0.06.


Revenue details
 Last quarter, Hercules Offshore reported revenue of $205.3 million. GAAP reported sales were 43% higher than the prior-year quarter's $143.3 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 -$0.02. GAAP EPS were $0.22 for Q1 compared to -$0.28 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 36.4%, much better than the prior-year quarter. Operating margin was 6.9%, much better than the prior-year quarter. Net margin was 17.1%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $921.0 million. The average EPS estimate is $0.26.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,549 members out of 1,614 rating the stock outperform, and 65 members rating it underperform. Among 338 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 326 give Hercules Offshore a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hercules Offshore is outperform, with an average price target of $8.40.

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The article Hercules Offshore Earnings Are on Deck 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 position in any of the stocks mentioned. 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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