Hercules Offshore (HERO): Q3 EPS of -$0.10 misses by $0.01. Revenue of $184.9M (+14% Y/Y) beats...

Hercules Offshore (HERO): Q3 EPS of -$0.10 misses by $0.01. Revenue of $184.9M (+14% Y/Y) beats by $1.5M. (PR)
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Comments (4)
  • Bob Curtin
    , contributor
    Comments (106) | Send Message
    Actually the miss was a penny when you exclude non-recurring items.


    I am always amazed how we place so much faith in the estimates provided by analysts. When I look at the estimates for HERO on ETRADE, I see 26 analysts supply an EPS estimate, only 18 supply revenue estimates and 14 supply cash flow estimates. I wonder what kind of "back of the envelope" calculation an analyst performs that produces an EPS number but not a revenue number? Seems a little suspect to me.
    25 Oct 2012, 07:55 AM Reply Like
  • lakefest
    , contributor
    Comments (4) | Send Message
    Yes, as a novelist invester still trying to make sense of the market, I do think not all analysts recommendations are based on sound research. but what do I know? Im just a small fish,in a big pond.
    25 Oct 2012, 08:15 AM Reply Like
  • Jason Aycock
    , contributor
    Comments (272) | Send Message
    We've adjusted this item to account for non-GAAP measures (impairment of Hercules 252 and 258; gain from sale of Platform Rig 3, insurance settlement on Hercules 185 that were pretax items).
    25 Oct 2012, 08:45 AM Reply Like
  • Eweball
    , contributor
    Comments (69) | Send Message
    About myself: 50 years experience on Wall St. Back office clerk, OTC stock trader, business journalist, securities analyst, Director of Research, registered principle, co-founder of full service brokerage/investment management firm, now investment advisor for limited number of clients.


    In the 60's few corporations provided EPS guidance. Today most do. As a result a lot of analysts got lazy so there is good reason to suspect estimates if you don't at least see revenue projections. In addition, there are quite a few analysts that hold a CFA designation and place too much emphasis on numbers and not enough on analyzing management. In HERO's case the analysts were correct in estimating a ten cent loss for the quarter. The impairment charge is a one-time item (hopefully). Going forward it would be nice to see some earnings on the plus side considering the booming drilling activity in the shallow offshore Gulf. Over the last four years HERO management has invested a lot of money in the future and has been hampered to some degree by the vacillating regulatory environment, accidents and Mother Nature. Now the regulatory picture is improving and the industry outlook is as bright as it's ever been. It's time to make some hay.
    25 Oct 2012, 10:00 AM Reply Like
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