Gran Tierra Energy Beats on the Top Line
Gran Tierra Energy (ASE: GTE) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Gran Tierra Energy beat expectations on revenues and missed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped to zero.
Margins shrank across the board.
Gran Tierra Energy recorded revenue of $156.0 million. The three analysts polled by S&P Capital IQ anticipated revenue of $141.9 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $122.3 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 $0.00. The four earnings estimates compiled by S&P Capital IQ averaged $0.13 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.05.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 84.3%, 230 basis points worse than the prior-year quarter. Operating margin was 35.4%, 780 basis points worse than the prior-year quarter. Net margin was -0.2%, 1,140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $186.8 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $731.0 million. The average EPS estimate is $0.61.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 350 members out of 372 rating the stock outperform, and 22 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Gran Tierra 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 Gran Tierra Energy is buy, with an average price target of $8.39.
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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.