SandRidge Energy (NYS: SD) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), SandRidge Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Gross margins improved, operating margins dropped, net margins expanded.
SandRidge Energy logged revenue of $478.4 million. The 12 analysts polled by S&P Capital IQ foresaw net sales of $466.7 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $364.8 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 $0.07. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS of $1.47 for Q2 were 250% higher than the prior-year quarter's $0.42 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 66.3%, 150 basis points better than the prior-year quarter. Operating margin was 19.4%, 5,720 basis points worse than the prior-year quarter. Net margin was 172.0%, 11,440 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $543.3 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $1.96 billion. The average EPS estimate is $0.14.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,481 members out of 1,536 rating the stock outperform, and 55 members rating it underperform. Among 283 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give SandRidge Energy a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SandRidge Energy is outperform, with an average price target of $9.55.
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The article SandRidge Energy Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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