Analyst’s Roundup: Bristow Group, Inc. (BRS)

The shares of Bristow Group, Inc. (NYSE:BRS) currently has mean rating of 2.38 while 0 analysts have recommended the shares as “BUY”, 5 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 383.79M by 6 analysts. The means estimate of sales for the year ending March-17 is 1.54B by 6 analysts.

The mean price target for the shares of Bristow Group, Inc. (BRS) is at 20.50 while the highest price target suggested by the analysts is 34.00 and low price target is 15.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Bristow Group, Inc. (BRS) stands at -0.03 while the EPS for the current year is fixed at -0.09 by 8 analysts.

The next one year’s EPS estimate is set at 0.32 by 7 analysts while a year ago the analysts suggested the company’s EPS at -0.09. The analysts also projected the company’s long-term growth at 14.30% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Bristow Group, Inc. (BRS) reported earnings of $0.13. The posted earnings missed the analyst’s consensus by $-0.38 with the surprise factor of -74.50%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 25, 2016 Bristow Group, Inc. (BRS) reported the following results for the quarter and full fiscal year ended March 31, 2016.

BUSINESS AND FINANCIAL UPDATE

• Liquidity as of March 31, 2016 of $359.7 million, a 20.2% increase from December 31, 2015; includes $104.3 million of cash


• New bank financial covenants provide financial flexibility through the oil and gas downturn


• Strong March 2016 quarter operating cash flow of $60.3 million, increase of $62.9 million over the December 2015 quarter; full year operating cash flow of $116.0 million


• Significant downturn in oil and gas business partially offset by the benefit of diversification with the start-up of the U.K. SAR contract in April 2015 and the addition of fixed wing operations in Australia


• The March 2016 quarter and fiscal year 2016 results benefited from successful cost reduction efforts, capital expenditure reduction and aircraft sales that are continuing in fiscal year 2017