Panhandle Oil and Gas Misses Where it Counts

Seth Jayson, The Motley Fool
Updated

Panhandle Oil and Gas (NYS: PHX) reported earnings on Dec. 11. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q4), Panhandle Oil and Gas beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.


Margins contracted across the board.

Revenue details
 Panhandle Oil and Gas booked revenue of $11.0 million. The one analyst polled by S&P Capital IQ anticipated revenue of $10.1 million on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $11.8 million.

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

EPS details
 EPS came in at $0.02. The one earnings estimate compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.02 for Q4 were 94% lower than the prior-year quarter's $0.32 per share.

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

Margin details
 For the quarter, gross margin was 73.3%, 650 basis points worse than the prior-year quarter. Operating margin was 4.4%, 2,510 basis points worse than the prior-year quarter. Net margin was 1.7%, 2,080 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $10.6 million. On the bottom line, the average EPS estimate is $0.17.

Next year's average estimate for revenue is $45.1 million. The average EPS estimate is $0.88.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 231 members out of 236 rating the stock outperform, and five members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Panhandle Oil and Gas a green thumbs-up, and one give it a red thumbs-down.

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The article Panhandle Oil and Gas Misses Where it Counts 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.

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