Stone Energy Beats Analyst Estimates on EPS
Stone Energy (NYS: SGY) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Stone Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share improved significantly.
Margins expanded across the board.
Stone Energy recorded revenue of $221.8 million. The three analysts polled by S&P Capital IQ expected a top line of $198.7 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $170 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.93. The eight earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS of $0.93 for Q4 were 121% higher than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 78.1%, 230 basis points better than the prior-year quarter. Operating margin was 33.0%, 1,290 basis points better than the prior-year quarter. Net margin was 20.4%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $222.2 million. On the bottom line, the average EPS estimate is $0.87.
Next year's average estimate for revenue is $930.1 million. The average EPS estimate is $4.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 436 members rating the stock outperform and 24 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Stone Energy a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stone Energy is outperform, with an average price target of $37.
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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.