Gran Tierra Energy (AMEX: GTE) reported earnings on Nov. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Gran Tierra Energy beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Margins shrank across the board.
Gran Tierra Energy logged revenue of $168.9 million. The six analysts polled by S&P Capital IQ predicted a top line of $146.1 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $150.8 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 $0.16. The six earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. GAAP EPS of $0.16 for Q3 were 5.9% lower than the prior-year quarter's $0.17 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 78.5%, 710 basis points worse than the prior-year quarter. Operating margin was 44.2%, 380 basis points worse than the prior-year quarter. Net margin was 26.4%, 610 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $156.7 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $604.0 million. The average EPS estimate is $0.26.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 353 members out of 376 rating the stock outperform, and 23 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Gran Tierra Energy a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gran Tierra Energy is outperform, with an average price target of $6.93.
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