Oil States International Earnings: Everything You Must Know Now

Oil States International Inc. (NYSE:OIS) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Oil States International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 18.18% to $1.80 in the quarter versus EPS of $2.20 in the year-earlier quarter.

Revenue: Decreased 2.69% to $1.07 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oil States International Inc. reported adjusted EPS income of $1.80 per share. By that measure, the company missed the mean analyst estimate of $1.82. It beat the average revenue estimate of $1.06 billion.

Quoting Management: Cindy B. Taylor, Oil States’ President and Chief Executive Officer stated, “We were able to report improved earnings on a sequential basis despite lackluster activity during the first quarter of 2013 in our U.S. operations related to onshore drilling and completion activity. We benefited from seasonally stronger Canadian accommodations activity and contributions from the Piper Valves and Tempress acquisitions that closed in 2012.”

Key Stats (on next page)…

Revenue decreased 6.38% from $1.14 billion in the previous quarter. EPS increased 1.12% from $1.78 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 $1.87 to a profit $1.73. For the current year, the average estimate has moved down from a profit of $7.78 to a profit of $7.29 over the last ninety days.

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