Vanguard Natural Resources (NYS: VNR) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vanguard Natural Resources beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP loss per share increased.
Margins contracted across the board.
Vanguard Natural Resources booked revenue of $86 million. The six analysts polled by S&P Capital IQ predicted sales of $83.8 million on the same basis. GAAP reported sales were 5.2% lower than the prior-year quarter's $23.2 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 $0.76. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.50 per share on the same basis. GAAP EPS were -$0.42 for Q4 against -$0.21 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 -24.3%, 9,600 basis points worse than the prior-year quarter. Operating margin was -140.1%, 13,410 basis points worse than the prior-year quarter. Net margin was -69.3%, 4,500 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $78.4 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $340.2 million. The average EPS estimate is $1.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 231 members rating the stock outperform and 13 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Vanguard Natural Resources a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vanguard Natural Resources is outperform, with an average price target of $32.40.
Is Vanguard Natural Resources the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
Add Vanguard Natural Resources to My Watchlist.
At the time thisarticle 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.