Newpark Resources Earnings: Everything You Must Know Now

Newpark Resources Inc. (NYSE:NR) 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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Newpark Resources Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 12.5% to $0.18 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Rose 7.88% to $283 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Newpark Resources Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $278.24 million.

Quoting Management: Paul Howes, Newpark’s President and Chief Executive Officer, stated, “We are pleased with the strong start to 2013, achieving another record level of revenue in the first quarter. Revenues from our fluids segment grew 13% worldwide over last year’s first quarter. North American fluids revenues increased 10% over last year’s first quarter to $178 million, despite an 11% reduction in rig count, benefitting from our December 2012 acquisition of Alliance Drilling Fluids. International revenues from the fluids business were up 21% year-over-year, reflecting strong gains across all regions.”

Key Stats (on next page)…

Revenue increased 4.69% from $270.33 million in the previous quarter. EPS increased 5.88% from $0.17 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 $0.18 and has not changed. For the current year, the average estimate has moved up from a profit of $0.74 to a profit of $0.75 over the last ninety days.

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