## Bristow Group VTOL Earnings Preview: What to Expect on November 5th
Get ready for a busy Tuesday, November 5th, as Bristow Group, a leading provider of vertical flight solutions, gears up to announce its quarterly earnings. With analysts expecting an EPS of $0.61, investors are holding their breath, hoping for news of exceeding estimates and upbeat guidance for the next quarter. This is especially crucial as guidance plays a pivotal role in driving stock prices.
A History of Strong Performance
Bristow Group has a proven track record of exceeding expectations. Last quarter, the company surpassed EPS estimates by a significant $0.40, leading to an 11.72% increase in share price the following day. Here’s a look at their past performance and the resulting price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 0.56 | 0.96 | 12.0% |
| Q1 2024 | 0.38 | 0.23 | 13.0% |
| Q4 2023 | 0.54 | -0.07 | -5.0% |
| Q3 2023 | 0.63 | 0.15 | 10.0% |
Share Price Momentum
As of November 1st, Bristow Group shares were trading at $32.6. Over the past year, the stock has seen a solid 24.64% increase. This positive trajectory suggests a bullish sentiment among long-term shareholders heading into this earnings release.
Analyst Insights
To gauge market sentiment and expectations, investors need to understand the insights of industry analysts. A total of 1 rating has been assigned to Bristow Group, with the consensus rating being a resounding ‘Buy’. The average one-year price target is $50.0, indicating a potential 53.37% upside for investors.
Comparing with Competitors
To gain further perspective, let’s compare Bristow Group with key competitors in the industry: ProFrac Holding, National Energy Services, and Select Water Solutions.
*
ProFrac Holding:
Analysts favor an ‘Buy’ trajectory, with an average one-year price target of $6.83, suggesting a potential 79.05% downside.*
National Energy Services:
The consensus outlook from analysts is also ‘Buy’, with an average one-year price target of $15.0, indicating a potential 53.99% downside.*
Select Water Solutions:
Analysts currently favor an ‘Outperform’ trajectory, with an average one-year price target of $14.5, suggesting a potential 55.52% downside.Peer Analysis Snapshot
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Bristow Group | Buy | 12.64% | $218.22M | 3.37% |
| ProFrac Holding | Buy | -18.30% | $82.90M | -5.75% |
| National Energy Services | Buy | 15.93% | $53.14M | 2.22% |
| Select Water Solutions | Outperform | -9.76% | $60.16M | 1.66% |
Key Takeaway:
Bristow Group stands out among its peers, boasting the highest revenue growth and leading the pack in gross profit margin. However, it has the lowest return on equity.About Bristow Group
Bristow Group Inc is a global leader in vertical flight solutions, providing aviation services to a diverse range of energy companies. Their offerings include commercial search and rescue (SAR) services, public sector SAR services, fixed-wing transportation, and other aviation-related solutions. Their helicopters are essential for transporting personnel to and from offshore production platforms and drilling rigs.
A Closer Look at Bristow Group’s Finances
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Market Capitalization:
Bristow Group’s market capitalization is slightly smaller than industry averages, presenting unique challenges.*
Revenue Growth:
The company’s revenue growth has been impressive, reaching approximately 12.64% as of June 30, 2024. This strong growth rate outperforms the average among its peers in the Energy sector.*
Net Margin:
Bristow Group boasts an impressive net margin of 7.83%, signifying strong profitability and effective cost management, surpassing industry averages.*
Return on Equity (ROE):
The company demonstrates exceptional efficiency in utilizing equity capital, achieving a remarkable ROE of 3.37%, exceeding industry benchmarks.*
Return on Assets (ROA):
Bristow Group’s ROA also excels, reaching 1.45%, indicating efficient asset management and strong financial health.*
Debt Management:
The company’s debt-to-equity ratio stands below industry norms at 1.01, suggesting a sound financial structure.To stay up-to-date on all earnings releases for Bristow Group, visit their earnings calendar on our site.
