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Coming Soon: DryShips Earnings

Monday - 5/6/2013, 2:00am  ET

DryShips is expected to report Q1 earnings around May 10. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict DryShips's revenues will expand 30.4% and EPS will remain in the red.

The average estimate for revenue is $322.8 million. On the bottom line, the average EPS estimate is -$0.09.

Revenue details
Last quarter, DryShips logged revenue of $282.9 million. GAAP reported sales were 14% lower than the prior-year quarter's $328.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.11. GAAP EPS were -$0.34 for Q4 against -$0.02 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 27.1%, much worse than the prior-year quarter. Operating margin was -14.7%, much worse than the prior-year quarter. Net margin was -45.9%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.42 billion. The average EPS estimate is -$0.15.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 2,881 members out of 3,240 rating the stock outperform, and 359 members rating it underperform. Among 487 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 391 give DryShips a green thumbs-up, and 96 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DryShips is hold, with an average price target of $2.75.

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This article was originally published as Coming Soon: DryShips Earningson Fool.com

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