BPZ Resources Misses on Both Revenue and Earnings

Seth Jayson, The Motley Fool
Updated

BPZ Resources (NYS: BPZ) reported earnings on May 9. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), BPZ Resources missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly. GAAP loss per share dropped.


Gross margins grew, operating margins dropped, net margins dropped.

Revenue details
 BPZ Resources tallied revenue of $13.3 million. The five analysts polled by S&P Capital IQ expected to see a top line of $13.9 million on the same basis. GAAP reported sales were 64% lower than the prior-year quarter's $36.6 million.

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 -$0.11. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.09 per share. GAAP EPS were -$0.11 for Q1 versus -$0.24 per share for the prior-year quarter.

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 47.2%, much better than the prior-year quarter. Operating margin was -54.4%, 260 basis points worse than the prior-year quarter. Net margin was -96.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $12.9 million. On the bottom line, the average EPS estimate is -$0.09.

Next year's average estimate for revenue is $70.4 million. The average EPS estimate is -$0.34.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 831 members out of 870 rating the stock outperform, and 39 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give BPZ Resources a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is outperform, with an average price target of $5.00.

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The article BPZ Resources Misses on Both Revenue and Earnings 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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