GeoResources Meets on Revenues, Misses on EPS
GeoResources (NAS: GEOI) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), GeoResources met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
GeoResources chalked up revenue of $44.8 million. The seven analysts polled by S&P Capital IQ predicted sales of $44.8 million on the same basis. GAAP reported sales were 67% higher than the prior-year quarter's $26.7 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 $0.44. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. GAAP EPS of $0.44 for Q1 were 69% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 83.7%, 250 basis points better than the prior-year quarter. Operating margin was 42.6%, 700 basis points better than the prior-year quarter. Net margin was 25.7%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $48.9 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $207.7 million. The average EPS estimate is $2.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 487 members out of 503 rating the stock outperform, and 16 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give GeoResources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on GeoResources is outperform, with an average price target of $37.
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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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