The Gory Details of Gran Tierra Energy's Earnings Miss
Gran Tierra Energy (ASE: GTE) reported earnings on Feb. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Gran Tierra Energy beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Gran Tierra Energy recorded revenue of $161.4 million. The four analysts polled by S&P Capital IQ expected to see a top line of $150.0 million on the same basis. GAAP reported sales were 44% higher than the prior-year quarter's $112.5 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 $0.11. The two earnings estimates compiled by S&P Capital IQ averaged $0.13 per share. GAAP EPS of $0.11 for Q4 were 120% higher than the prior-year quarter's $0.05 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 84.4%, 250 basis points better than the prior-year quarter. Operating margin was 31.8%, 1,430 basis points better than the prior-year quarter. Net margin was 20.1%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $187.3 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $687.3 million. The average EPS estimate is $0.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 343 members out of 364 rating the stock outperform, and 21 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Gran Tierra 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 Gran Tierra Energy is outperform, with an average price target of $7.50.
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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.