Triangle Petroleum (AMEX: TPLM ) reported earnings on June 11. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Triangle Petroleum missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share grew.
Gross margins contracted, operating margins expanded, and net margins expanded.
Triangle Petroleum reported revenue of $5.2 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $5.6 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $.5 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 -$0.07. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.04 per share. GAAP EPS were -$0.07 for Q1 against -$0.03 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 83.7%, 290 basis points worse than the prior-year quarter. Operating margin was -63.3%, 11,820 basis points better than the prior-year quarter. Net margin was -56.4%, 11,340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $8.7 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $53.3 million. The average EPS estimate is $0.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 80 members rating the stock outperform, and four members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Triangle Petroleum 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 Triangle Petroleum is outperform, with an average price target of $9.43.
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