Ship Finance International (NYSE: SFL ) reported earnings on Nov. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Ship Finance International whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins dropped, net margins increased.
Revenue details
Ship Finance International reported revenue of $74.3 million. The five analysts polled by S&P Capital IQ foresaw revenue of $92.4 million on the same basis. GAAP reported sales were 0.7% lower than the prior-year quarter's $74.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.44. The six earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.44 for Q3 were 26% higher than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 63.8%, 970 basis points worse than the prior-year quarter. Operating margin was 42.7%, 1,020 basis points worse than the prior-year quarter. Net margin was 46.5%, 980 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $103.2 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $317.5 million. The average EPS estimate is $1.68.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 503 members out of 529 rating the stock outperform, and 26 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Ship Finance International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ship Finance International is outperform, with an average price target of $18.10.
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