TransGlobe Energy
The 10-second takeaway
For the quarter ended June 30 (Q2), TransGlobe Energy met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped.
Gross margins dropped, operating margins dropped, and net margins grew.
Revenue details
TransGlobe Energy logged revenue of $73.8 million. The three analysts polled by S&P Capital IQ anticipated a top line of $73.7 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $62.5 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 $0.21. The four earnings estimates compiled by S&P Capital IQ forecast $0.29 per share. GAAP EPS of $0.25 for Q2 were 14% lower than the prior-year quarter's $0.29 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 84.5%, 100 basis points worse than the prior-year quarter. Operating margin was 59.2%, 480 basis points worse than the prior-year quarter. Net margin was 40.9%, 590 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $77.4 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $318.2 million. The average EPS estimate is $1.26.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 501 members out of 524 rating the stock outperform, and 23 members rating it underperform. Among 98 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 98 give TransGlobe Energy a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TransGlobe Energy is outperform, with an average price target of $15.75.
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