Bristow Group (VTOL): what to expect from Q3 earnings

what happened

Helicopter services provider Bristow Group is set to report quarterly earnings after the market closes on Tuesday, according to StockStory. Last quarter revenue reached $411.8 million, up 9.4% from a year earlier. Full-year revenue guidance came in above analyst forecasts, although earnings per share fell well short of estimates.

The market expects revenue to rise 13.4% year on year, faster than the 5.8% gain in the same quarter last year. Analysts have largely reconfirmed their estimates over the past 30 days. Bristow has missed Wall Street revenue forecasts several times over the last two years.

Peers offer a hint. ProPetro reported revenue growth of 20.9%, beating expectations by 14.1%, and its shares rose 4.1% after the release. NOV posted revenue up 2.3%, ahead of estimates by 1.5%, but its stock fell 6.2%. Oilfield services shares averaged a 4.4% gain over the last month, while Bristow is up 3.9%. The average analyst price target stands at $64.33, against a current share price of $42.01.

why it matters

For investors, Bristow's report is mostly a read on demand across oilfield services: revenue trends at competitors and overall sector sentiment set the benchmarks. The gap between revenue and earnings forecasts last quarter shows that estimates for the company are not always accurate, so the market may react sharply to details in the report.

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