The Gory Details on Talisman Energy's Double Miss
Talisman Energy (NYS: TLM) reported earnings on Feb. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Talisman Energy missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP loss per share contracted.
Gross margins shrank, operating margins grew, and net margins improved.
Talisman Energy booked revenue of $2.05 billion. The six analysts polled by S&P Capital IQ anticipated sales of $2.11 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $1.87 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.11. The nine earnings estimates compiled by S&P Capital IQ predicted $0.20 per share on the same basis. GAAP EPS were -$0.11 for Q4 compared to -$0.31 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.0%, 420 basis points worse than the prior-year quarter. Operating margin was 25.3%, 1,390 basis points better than the prior-year quarter. Net margin was -5.6%, 1,070 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.08 billion. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $8.42 billion. The average EPS estimate is $0.91.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 545 members rating the stock outperform and 21 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give Talisman Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Talisman Energy is outperform, with an average price target of $19.23.
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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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