Kosmos Energy Ltd Beats on Both Top and Bottom Lines
Kosmos Energy Ltd (NYS: KOS) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Kosmos Energy Ltd beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share improved.
Margins shrank across the board.
Kosmos Energy Ltd booked revenue of $112.7 million. The three analysts polled by S&P Capital IQ expected revenue of $109.8 million on the same basis. GAAP reported sales were 9.5% lower than the prior-year quarter's $124.2 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 -$0.07. The six earnings estimates compiled by S&P Capital IQ averaged -$0.09 per share. GAAP EPS were -$0.07 for Q2 versus -$0.04 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 82.6%, 590 basis points worse than the prior-year quarter. Operating margin was 8.9%, 760 basis points worse than the prior-year quarter. Net margin was -22.1%, 1,480 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $200.0 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $644.6 million. The average EPS estimate is -$0.16.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 11 members out of 15 rating the stock outperform, and four members rating it underperform. Among three CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give Kosmos Energy Ltd a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kosmos Energy Ltd is outperform, with an average price target of $17.59.
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The article Kosmos Energy Ltd Beats on Both Top and Bottom Lines 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 positions in the stocks mentioned above. 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.