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.

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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.

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5/27/2016 4:02 PM
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Panhandle Oil and… CAPS Rating: **