Kodiak Oil & Gas Increases Sales but Misses Estimates on Earnings
Kodiak Oil & Gas (NYS: KOG) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Kodiak Oil & Gas whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.
Gross margins dropped, operating margins increased, and net margins improved.
Kodiak Oil & Gas chalked up revenue of $79.9 million. The 11 analysts polled by S&P Capital IQ expected a top line of $92.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $13.4 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 $0.09. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS were $0.01 for Q1 compared to -$0.04 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 78.4%, 240 basis points worse than the prior-year quarter. Operating margin was 35.6%, 8,970 basis points better than the prior-year quarter. Net margin was 2.2%, 5,600 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $118.8 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $565.7 million. The average EPS estimate is $0.70.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 718 members out of 759 rating the stock outperform, and 41 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give Kodiak Oil & Gas a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kodiak Oil & Gas is outperform, with an average price target of $11.38.
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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.