GeoResources Beats on Both Top and Bottom Lines
GeoResources (NAS: GEOI) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), GeoResources beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share stayed the same.
Gross margins grew, operating margins dropped, and net margins contracted.
GeoResources booked revenue of $41.1 million. The 11 analysts polled by S&P Capital IQ expected a top line of $37.7 million on the same basis. GAAP reported sales were 52% higher than the prior-year quarter's $28.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.41. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.38 per share on the same basis. GAAP EPS of $0.26 were the same as 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 78.5%, 400 basis points better than the prior-year quarter. Operating margin was 26.6%, 440 basis points worse than the prior-year quarter. Net margin was 15.5%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $41.6 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $184.4 million. The average EPS estimate is $1.96.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 486 members rating the stock outperform and 15 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give GeoResources 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 GeoResources is outperform, with an average price target of $32.08.
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At the time this article was published 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. 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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