Ivanhoe Energy Increases Sales but Misses Revenue Estimate
Ivanhoe Energy (NAS: IVAN) filed its 10-K on Thursday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ivanhoe Energy missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP loss per share dropped.
Gross margins dropped, operating margins improved, and net margins grew.
Ivanhoe Energy reported revenue of $9.1 million. The two analysts polled by S&P Capital IQ looked for a top line of $9.5 million on the same basis. GAAP reported sales were 48% higher than the prior-year quarter's $6.2 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 -$0.02. The one earnings estimate compiled by S&P Capital IQ anticipated -$0.03 per share. GAAP EPS were -$0.02 for Q4 versus -$0.06 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 -21.9%, 2,070 basis points worse than the prior-year quarter. Operating margin was -104.2%, 21,710 basis points better than the prior-year quarter. Net margin was -64.5%, 25,060 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $11.7 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $54.6 million. The average EPS estimate is -$0.14.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 276 members rating the stock outperform and 32 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Ivanhoe Energy a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ivanhoe Energy is outperform, with an average price target of $1.60.
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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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