Hornbeck Offshore Services Earnings: Everything You Must Know Now
Hornbeck Offshore Services, Inc. (NYSE:HOS) 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.
Hornbeck Offshore Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 85.71% to $0.65 in the quarter versus EPS of $0.35 in the year-earlier quarter.
Revenue: Rose 17.2% to $154.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hornbeck Offshore Services, Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.52. It beat the average revenue estimate of $148.3 million.
Key Stats (on next page)…
EPS increased 10.17% from $0.59 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.56 and has not changed. For the current year, the average estimate has moved up from a profit of $2.02 to a profit of $2.41 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)