Bristow Group Earnings: Everything You Must Know Now

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

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Bristow Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 83.64% to $1.01 in the quarter versus EPS of $0.55 in the year-earlier quarter.

Revenue: Rose 9.28% to $391.64 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bristow Group, Inc. reported adjusted EPS income of $1.01 per share. By that measure, the company missed the mean analyst estimate of $1.02. It beat the average revenue estimate of $380.56 million.

Quoting Management: “Fiscal year 2013 was an excellent financial year for Bristow with record revenue, cash flow and bottom line earnings,” said William E. Chiles, President and Chief Executive Officer of Bristow Group. “We benefitted from increased activity in most of our business units driven by increased demand from our clients for our services and improved contract terms. This increased activity is being fueled by our clients’ exploration success which continues to unlock new plays in deep water and harsh environment areas.”

Key Stats (on next page)…

Revenue increased 0.82% from $388.47 million in the previous quarter. EPS decreased 13.68% from $1.17 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.98 to a profit $0.99. For the current year, the average estimate has moved up from a profit of $3.75 to a profit of $3.81 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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

More Articles About:   , , ,  

More from The Cheat Sheet