Advantage Oil & Gas Beats on the Top Line

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Advantage Oil & Gas (NYS: AAV) reported earnings on March 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Advantage Oil & Gas crushed expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share dropped. GAAP loss per share dropped.


Gross margins dropped, operating margins grew, net margins grew.

Revenue details
Advantage Oil & Gas logged revenue of $74.7 million. The one analyst polled by S&P Capital IQ expected a top line of $41.2 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $77.7 million.

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 -$0.35. The two earnings estimates compiled by S&P Capital IQ forecast -$0.04 per share. Non-GAAP EPS were -$0.35 for Q4 against -$0.86 per share for the prior-year quarter. GAAP EPS were -$0.36 for Q4 against -$0.86 per share for the prior-year quarter.

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 66.6%, 590 basis points worse than the prior-year quarter. Operating margin was -35.1%, much better than the prior-year quarter. Net margin was -90.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $46.0 million. On the bottom line, the average EPS estimate is -$0.04.

Next year's average estimate for revenue is $126.4 million. The average EPS estimate is $0.00.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 571 members out of 599 rating the stock outperform, and 28 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give Advantage Oil & Gas a green thumbs-up, and four give it a red thumbs-down.

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The article Advantage Oil & Gas Beats on the Top Line originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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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