Triangle Petroleum Misses on Both Revenue and Earnings
Triangle Petroleum (AMEX: TPLM) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Triangle Petroleum missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share contracted.
Gross margins contracted, operating margins grew, net margins expanded.
Triangle Petroleum booked revenue of $22.0 million. The six analysts polled by S&P Capital IQ looked for a top line of $24.4 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $3.5 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 -$0.20. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS were -$0.20 for Q4 compared to -$0.34 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 60.6%, much worse than the prior-year quarter. Operating margin was -11.8%, much better than the prior-year quarter. Net margin was -37.7%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $33.1 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $212.8 million. The average EPS estimate is $0.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 87 members out of 90 rating the stock outperform, and three members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Triangle Petroleum a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triangle Petroleum is outperform, with an average price target of $9.33.
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The article Triangle Petroleum Misses on Both Revenue and Earnings originally appeared on Fool.com.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. The Motley Fool has no position in any of the stocks mentioned. 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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