Sonde Resources Makes Analysts Look Bad

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Sonde Resources (ASE: SOQ) reported earnings on May 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Sonde Resources whiffed on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly while GAAP earnings per share grew. The profit was a surprise, as analysts had predicted a loss.


Gross margin dropped, while operating margin and net margin expanded.

Revenue details
Sonde Resources notched revenue of $7.3 million. The one analyst polled by S&P Capital IQ predicted revenue of $9.9 million on the same basis. GAAP-reported sales were 20% lower than the prior-year quarter's $9.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.89. The one earnings estimate compiled by S&P Capital IQ predicted -$0.06 per share. GAAP EPS were $0.89 for Q1 versus -$0.10 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 38.5%, 1,710 basis points worse than the prior-year quarter. Operating margin was 941.6%, 100,260 basis points better than the prior-year quarter. Net margin was 756.3%, 82,640 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $10.4 million. On the bottom line, the average EPS estimate is -$0.05.

Next year's average estimate for revenue is $38.2 million. The average EPS estimate is $0.27.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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