Advantage Oil & Gas Beats on Both Top and Bottom Lines
Advantage Oil & Gas (NYS: AAV) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Advantage Oil & Gas beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded. GAAP loss per share dropped.
Margins grew across the board.
Advantage Oil & Gas chalked up revenue of $40.9 million. The two analysts polled by S&P Capital IQ expected to see sales of $37.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.04. The two earnings estimates compiled by S&P Capital IQ averaged $0.02 per share. Non-GAAP EPS were $0.04 for Q1 compared to -$0.06 per share for the prior-year quarter. GAAP EPS were -$0.03 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.
For the quarter, gross margin was 68.4%, 430 basis points better than the prior-year quarter. Operating margin was 0.8%, 890 basis points better than the prior-year quarter. Net margin was -7.4%, 910 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $29.5 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $137.8 million. The average EPS estimate is $0.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 569 members out of 597 rating the stock outperform, and 28 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Advantage Oil & Gas a green thumbs-up, and three give it a red thumbs-down.
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The article Advantage Oil & Gas 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 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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