Goodrich Petroleum (NYS: GDP) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Goodrich Petroleum whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share contracted.
Gross margins dropped, operating margins grew, net margins improved.
Goodrich Petroleum booked revenue of $45.3 million. The 12 analysts polled by S&P Capital IQ anticipated revenue of $63.1 million on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $41.2 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 -$0.28. The 16 earnings estimates compiled by S&P Capital IQ predicted -$0.21 per share. GAAP EPS were -$0.53 for Q1 compared to -$0.68 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 68.1%, 1,340 basis points worse than the prior-year quarter. Operating margin was -25.6%, 510 basis points better than the prior-year quarter. Net margin was -39.1%, 1,710 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $72.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $303.5 million. The average EPS estimate is $0.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 196 members out of 223 rating the stock outperform, and 27 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give Goodrich Petroleum a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Goodrich Petroleum is outperform, with an average price target of $21.81.
Over the decades, small-cap stocks, like Goodrich Petroleum have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add Goodrich Petroleum 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.