Overview
Marine transportation firm's Q4 revenue fell 25% yr/yr
Company reported a Q4 net loss of $14.6 mln, compared to a loss of $26.2 mln yr ago
Company completed sale of a PSV for $13.4 mln, gaining $8.1 mln
Result Drivers
ASSET SALES - Lower revenue was driven by fewer available days following the sale of two liftboats and a PSV
COST CUTTING - Company streamlined cost structure following asset sales, incurring $1.2 mln in severance charges with expected annual savings of $3.9 mln in SG&A expenses
Company press release: ID:nGNX7qS6gv
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
Miss
$52.30 mln
$55.81 mln (1 Analyst)
Q4 Net Income
-$14.60 mln
Q4 Operating Income
-$5.20 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for SEACOR Marine Holdings Inc is $11.00, about 35.5% above its February 25 closing price of $8.12
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
