Gulfmark Offshore Earnings Preview: Can This Streak Finally End?

Gulfmark Offshore (NYSE:GLF) will report earnings after markets close on Monday, April 29th. GulfMark Offshore, Inc. provides marine support services to the energy industry. The Company’s vessels transport drilling materials, supplies, and personnel to offshore facilities, as well as move and position drilling structures. GulfMark operates primarily in the North Sea and offshore Southeast Asia.

Here is your Cheat Sheet to Gulfmark Offshore Earnings:

Earnings Expectations: Analysts expect earnings of $0.10 per share on revenues of $94.24 million. Currently, the company’s P/E ratio stands at 49.81.

Analyst Trends:

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 $0.73 to a profit $0.47. For the current year, the average estimate is a profit of $2.38, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Gulfmark Offshore has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 411.74 388.87 359.77 381.87 389.20
Diluted EPS ($) 7.56 1.96 -1.36 1.91 0.73

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 99.89 87.44 104.88 101.87 95.02
Diluted EPS ($) 0.91 -0.11 0.53 0.49 -0.18

Past Performance:
Gulfmark Offshore has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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