Helicopter services provider Bristow Group (NYSE: VTOL) will be reporting results this Tuesday after market close. Here’s what you need to know.
Bristow Group missed analysts’ revenue expectations last quarter, reporting revenues of $377.3 million, up 6.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.
Is Bristow Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bristow Group’s revenue to grow 9.7% year on year, improving from the 4% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bristow Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Bristow Group’s peers in the oilfield services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Noble Corporation’s revenues decreased 10.2% year on year, beating analysts’ expectations by 6.8%, and World Kinect reported revenues up 2.5%, topping estimates by 10.4%. Noble Corporation traded up 8.2% following the results while World Kinect was also up 10.9%.
Read our full analysis of Noble Corporation’s results here and World Kinect’s results here.
There has been positive sentiment among investors in the oilfield services segment, with share prices up 4.1% on average over the last month. Bristow Group’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $60.67 (compared to the current share price of $47.93).
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