Denbury Resources (NYSE: DNR ) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Denbury Resources beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased.
Margins grew across the board.
Denbury Resources chalked up revenue of $645.1 million. The two analysts polled by S&P Capital IQ predicted revenue of $634.4 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $511.1 million.
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 $0.41. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.38 per share. GAAP EPS were $0.29 for Q1 against -$0.04 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 77.7%, 940 basis points better than the prior-year quarter. Operating margin was 37.8%, 2,980 basis points better than the prior-year quarter. Net margin was 17.6%, 2,040 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $610.3 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $2.65 billion. The average EPS estimate is $1.64.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,064 members out of 1,085 rating the stock outperform, and 22 members rating it underperform. Among 259 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 258 give Denbury Resources 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 Denbury Resources is outperform, with an average price target of $25.50.
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