Oil States International Beats on the Top Line

Oil States International (NYSE: OIS  ) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Oil States International 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 improved significantly.

Margins grew across the board.

Revenue details
Oil States International booked revenue of $1.10 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $994.4 million on the same basis. GAAP reported sales were 45% higher than the prior-year quarter's $760.4 million.

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 $2.20. The 10 earnings estimates compiled by S&P Capital IQ forecast $1.79 per share. GAAP EPS of $2.43 for Q1 were 115% higher than the prior-year quarter's $1.13 per share.

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 27.6%, 310 basis points better than the prior-year quarter. Operating margin was 18.6%, 580 basis points better than the prior-year quarter. Net margin was 12.3%, 410 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.01 billion. On the bottom line, the average EPS estimate is $1.77.

Next year's average estimate for revenue is $4.11 billion. The average EPS estimate is $7.34.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 398 members out of 418 rating the stock outperform, and 20 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Oil States International 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 Oil States International is outperform, with an average price target of $99.88.

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