Panhandle Oil and Gas Whiffs on Revenues

Panhandle Oil and Gas (NYSE: PHX  ) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Panhandle Oil and Gas whiffed on revenues and missed estimates on earnings per share.

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

Margins dropped across the board.

Revenue details
Panhandle Oil and Gas notched revenue of $10.4 million. The one analyst polled by S&P Capital IQ expected a top line of $12.0 million on the same basis. GAAP reported sales were 4.6% lower than the prior-year quarter's $10.9 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 $0.08. The one earnings estimate compiled by S&P Capital IQ forecast $0.34 per share. GAAP EPS of $0.08 for Q2 were 62% lower than the prior-year quarter's $0.21 per share.

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 77.0%, 10 basis points worse than the prior-year quarter. Operating margin was 11.8%, 850 basis points worse than the prior-year quarter. Net margin was 6.5%, 970 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $12.6 million. On the bottom line, the average EPS estimate is $0.38.

Next year's average estimate for revenue is $51.1 million. The average EPS estimate is $1.60.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 228 members out of 235 rating the stock outperform, and seven members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Panhandle Oil and Gas a green thumbs-up, and two give it a red thumbs-down.

Is Panhandle Oil and Gas the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Get instant access to this free report.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley 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 don't 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.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1881475, ~/Articles/ArticleHandler.aspx, 10/21/2014 5:22:23 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement