TransAtlantic Petroleum Earnings Are on Deck

Seth Jayson, The Motley Fool
Updated

TransAtlantic Petroleum (AMEX: TAT) is expected to report Q2 earnings around Aug. 9. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict TransAtlantic Petroleum's revenue will decrease 1.2% and EPS will drop 166.7%.

The average estimate for revenue is $36.0 million. On the bottom line, the average EPS estimate is $0.02.


Revenue details
Last quarter, TransAtlantic Petroleum booked revenue of $35.1 million. GAAP reported sales were 20% higher than the prior-year quarter's $29.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at -$0.01. GAAP EPS were -$0.01 for Q1 compared to -$0.06 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 89.6%, 370 basis points better than the prior-year quarter. Operating margin was -10.8%, 1,580 basis points better than the prior-year quarter. Net margin was -13.7%, 5,910 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $157.1 million. The average EPS estimate is $0.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 208 members out of 213 rating the stock outperform, and five members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give TransAtlantic Petroleum a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransAtlantic Petroleum is hold, with an average price target of $1.55.

Is TransAtlantic Petroleum the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.

The article TransAtlantic Petroleum Earnings Are on Deck 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement