Hercules Offshore (HERO) Q4 Loss Narrower Than Expected - Tale of the Tape
Hercules Offshore, Inc. (HERO) is a shallow-water drilling and marine services provider that serves the needs of oil and gas exploration and production firms. Based in Houston, TX, the company provides drilling, well service, platform inspection, maintenance and decommissioning services.
However, the ongoing oil price slump has impacted the drilling contractor’s activity levels through receding orders. This is reflected in the consensus estimate that has moved down in the last few months.
Currently, Hercules Offshore has a Zacks Rank #4 (Sell) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hercules Offshore reported diluted loss per share from continuing operations of 23 cents, narrower than the Zacks Consensus Estimate of a loss of 35 cents.
Revenue: Revenues of $178.7 million, however, failed to meet the Zacks Consensus Estimate of $185 million.
Key Stats: Hercules Offshore reported operating loss of $104.2 million in the Domestic Offshore segment, against a loss of $34 million in the year-ago quarter. For the International Offshore unit operating loss was about $11 million, wider than a loss of $6.8 million incurred in the fourth-quarter of 2013. The International Lifeboats segment profitability also took a hit - coming down to $0.9 million, from $9.7 million in the fourth quarter of 2013.
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HERCULES OFFSHR (HERO): Free Stock Analysis Report
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