Bristow Group Earnings: Everything You Must Know Now

Bristow Group, Inc. (NYSE:BRS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Bristow Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.46% to $1.00 in the quarter versus EPS of $0.81 in the year-earlier quarter.

Revenue: Rose 10.03% to $398.99 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bristow Group, Inc. reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.96. It beat the average revenue estimate of $387.62 million.

Quoting Management: “This was a record first quarter for Bristow, with excellent top-line growth leading to revenue and adjusted earnings per share at levels never before seen in this period. The results coming out of our core businesses in Europe and West Africa are now being matched by excellent performance from our investments in Brazil and Atlantic Canada,” said William E. Chiles, President and Chief Executive Officer of Bristow Group.

Key Stats (on next page)…

Revenue increased 1.88% from $391.64 million in the previous quarter. EPS decreased 0.99% from $1.01 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.06 to a profit $1.05. For the current year, the average estimate has moved down from a profit of $4.47 to a profit of $4.43 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)