Vanguard Natural Resources (NYSE: VNR ) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Vanguard Natural Resources crushed expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.
Gross margins improved, operating margins contracted, net margins grew.
Vanguard Natural Resources notched revenue of $151.9 million. The six analysts polled by S&P Capital IQ predicted revenue of $78.1 million on the same basis. GAAP reported sales were 89% higher than the prior-year quarter's $80.4 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 $0.17. The seven earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. GAAP EPS of $1.98 for Q2 were 89% higher than the prior-year quarter's $1.05 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 84.2%, 1,290 basis points better than the prior-year quarter. Operating margin was 67.3%, 950 basis points worse than the prior-year quarter. Net margin was 68.1%, 2,850 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $99.9 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $353.7 million. The average EPS estimate is $1.79.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 244 members out of 257 rating the stock outperform, and 13 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Vanguard Natural Resources a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vanguard Natural Resources is outperform, with an average price target of $32.63.
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