Energen (NYSE: EGN ) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Energen missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Gross margins improved, operating margins contracted, and net margins shrank.
Energen notched revenue of $418.4 million. The five analysts polled by S&P Capital IQ expected to see sales of $433.2 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $486.4 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 $1.33. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.17 per share. GAAP EPS of $0.79 for Q1 were 39% lower than the prior-year quarter's $1.30 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 59.8%, 810 basis points better than the prior-year quarter. Operating margin was 30.0%, 290 basis points worse than the prior-year quarter. Net margin was 13.7%, 570 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $351.1 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $1.57 billion. The average EPS estimate is $3.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 265 members out of 275 rating the stock outperform, and 10 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Energen 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 Energen is outperform, with an average price target of $61.83.
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