Hornbeck Offshore Services Earnings: Here’s Why the Stock is Down 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. Shares are down 2.92%.

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

Hornbeck Offshore Services, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 118.52% to $0.59 in the quarter versus EPS of $0.27 in the year-earlier quarter.

Revenue: Rose 22.95% to $147.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hornbeck Offshore Services, Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.3. It beat the average revenue estimate of $136.59 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 10.75% from $133.18 million in the previous quarter. EPS increased 90.32% from $0.31 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 $0.47 to a profit $0.43. For the current year, the average estimate has moved down from a profit of $2.16 to a profit of $2.02 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)