Triangle Petroleum Beats on Both Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

Triangle Petroleum (AMEX: TPLM) reported earnings on June 10. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 30 (Q1), Triangle Petroleum beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew.


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

Revenue details
 Triangle Petroleum chalked up revenue of $34.3 million. The nine analysts polled by S&P Capital IQ predicted sales of $31.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $5.2 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 $0.10. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.05 per share. GAAP EPS were $0.10 for Q1 versus -$0.07 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 53.7%, much worse than the prior-year quarter. Operating margin was 12.9%, much better than the prior-year quarter. Net margin was 15.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $38.3 million. On the bottom line, the average EPS estimate is $0.10.

Next year's average estimate for revenue is $180.2 million. The average EPS estimate is $0.74.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 93 members out of 96 rating the stock outperform, and three members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Triangle Petroleum a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Triangle Petroleum is outperform, with an average price target of $9.45.

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The article Triangle Petroleum 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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