Carrizo Oil & Gas Whiffs on Revenues
Carrizo Oil & Gas (NAS: CRZO) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carrizo Oil & Gas whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share increased.
Margins improved across the board.
Carrizo Oil & Gas booked revenue of $66.3 million. The eight analysts polled by S&P Capital IQ expected a top line of $79.2 million on the same basis. GAAP reported sales were 84% higher than the prior-year quarter's $36 million.
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 $0.23. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.32 per share on the same basis. GAAP EPS were $0.16 for Q4 against -$1.01 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 86.6%, 530 basis points better than the prior-year quarter. Operating margin was 24.9%, 2,180 basis points better than the prior-year quarter. Net margin was 9.5%, 10,920 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $81.6 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $437 million. The average EPS estimate is $2.93.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 241 members rating the stock outperform and 29 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Carrizo Oil & Gas a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carrizo Oil & Gas is outperform, with an average price target of $38.50.
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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.
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