BPZ Resources Misses Where It Counts
BPZ Resources (NYS: BPZ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), BPZ Resources beat slightly on revenues and missed expectations on earnings per share.
Compared with the prior-year quarter, revenue contracted and GAAP loss per share grew.
Margins shrank across the board.
BPZ Resources reported revenue of $36.6 million. The two analysts polled by S&P Capital IQ looked for revenue of $36.0 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $38.7 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 -$0.19. The three earnings estimates compiled by S&P Capital IQ averaged -$0.04 per share. GAAP EPS were -$0.24 for Q1 versus -$0.07 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 2.4%, 5,370 basis points worse than the prior-year quarter. Operating margin was -51.8%, 4,140 basis points worse than the prior-year quarter. Net margin was -74.7%, 5,380 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $27.4 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $111.6 million. The average EPS estimate is -$0.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 848 members out of 887 rating the stock outperform, and 39 members rating it underperform. Among 128 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give BPZ Resources a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is buy, with an average price target of $5.50.
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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. He is the 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 don't 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.