Helmerich & Payne Earnings: Everything You Must Know Now

Helmerich & Payne Inc. (NYSE:HP) 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.

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Helmerich & Payne Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.01% to $1.39 in the quarter versus EPS of $1.13 in the year-earlier quarter.

Revenue: Rose 8.87% to $838.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Helmerich & Payne Inc. reported adjusted EPS income of $1.39 per share. By that measure, the company beat the mean analyst estimate of $1.29. It beat the average revenue estimate of $824.28 million.

Quoting Management: Chairman and CEO Hans Helmerich commented, “We are pleased with our solid financial results for the quarter and continue to expect 2013 to improve as the year unfolds. Assuming some measure of oil price resiliency, we anticipate slow activity improvement ahead with customer focus around capturing potential efficiencies, performance reliability and safety providing attractive opportunities for the Company.”

Key Stats (on next page)…

Revenue decreased 0.74% from $844.57 million in the previous quarter. EPS decreased 0.71% from $1.40 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 $1.24 to a profit $1.32. For the current year, the average estimate has moved up from a profit of $5 to a profit of $5.38 over the last ninety days.

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