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Seacor Holdings Inc. (NYSE:CKH) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Simply Wall St
·3 min read

It's been a good week for Seacor Holdings Inc. (NYSE:CKH) shareholders, because the company has just released its latest first-quarter results, and the shares gained 9.3% to US$28.26. It was an okay report, and revenues came in at US$192m, approximately in line with analyst estimates leading up to the results announcement. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Seacor Holdings

NYSE:CKH Past and Future Earnings May 1st 2020
NYSE:CKH Past and Future Earnings May 1st 2020

Following last week's earnings report, Seacor Holdings' twin analysts are forecasting 2020 revenues to be US$793.7m, approximately in line with the last 12 months. Prior to the latest earnings, the analysts were forecasting revenues of US$800.2m in 2020, and did not provide an earnings per share estimate. It looks like the latest results have met expectations and confirmed that the business is performing in line with expectations, given there's been no real changes in the new revenue estimates.

There's been no real change to the consensus price target of US$36.00, with Seacor Holdings seemingly executing in line with expectations.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Seacor Holdings' past performance and to peers in the same industry. From these estimates it looks as though the analysts expect the years of declining sales to come to an end, given the flat revenue forecast for next year. That would be a definite improvement, given that the past five years have seen sales shrink five years annually. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue shrink 1.5% per year. Not only are Seacor Holdings' revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. On the plus side, they made no changes to their revenue estimates - and they expect sales to perform better than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

We have estimates for Seacor Holdings from its twin analysts out to 2022, and you can see them free on our platform here.

Plus, you should also learn about the 4 warning signs we've spotted with Seacor Holdings .

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.