What to expect from Bristow Group’s (VTOL) Q3 earnings

Helicopter services provider Bristow Group (NYSE:VTOL) will be reporting earnings this Tuesday after market hours. Here’s what to expect.

Bristow Group beat analysts’ revenue expectations last quarter, reporting revenues of $411.8 million, up 9.4% year on year. It was a satisfactory quarter for the company, with full-year revenue guidance exceeding analysts’ expectations but a significant miss of analysts’ EPS estimates.

Is Bristow Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Bristow Group’s revenue to grow 13.4% year on year, improving from the 5.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bristow Group has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Bristow Group’s peers in the oilfield services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ProPetro delivered year-on-year revenue growth of 20.9%, beating analysts’ expectations by 14.1%, and NOV reported revenues up 2.3%, topping estimates by 1.5%. ProPetro traded up 4.1% following the results while NOV was down 6.2%.

Read our full analysis of ProPetro’s results here and NOV’s results here.

There has been positive sentiment among investors in the oilfield services segment, with share prices up 4.4% on average over the last month. Bristow Group is up 3.9% during the same time and is heading into earnings with an average analyst price target of $64.33 (compared to the current share price of $42.01).

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