Vaalco Energy Beats on the Top Line
Vaalco Energy (NYS: EGY) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Vaalco Energy crushed expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share was unchanged.
Gross margins dropped, operating margins increased, net margins dropped.
Vaalco Energy chalked up revenue of $67.8 million. The one analyst polled by S&P Capital IQ predicted a top line of $44.6 million on the same basis. GAAP reported sales were 77% higher than the prior-year quarter's $38.2 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 $0.15. The three earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.15 were the same as 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 83.4%, 30 basis points worse than the prior-year quarter. Operating margin was 57.4%, 880 basis points better than the prior-year quarter. Net margin was 12.9%, 1,040 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $45.0 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $203.7 million. The average EPS estimate is $0.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,516 members out of 1,563 rating the stock outperform, and 47 members rating it underperform. Among 351 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 344 give Vaalco 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 Vaalco Energy is hold, with an average price target of $7.00.
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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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