The 10-second takeaway
For the quarter ended Sep. 30 (Q3), BPZ Resources met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
BPZ Resources booked revenue of $28.7 million. The one analyst polled by S&P Capital IQ anticipated sales of $28.4 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $36.2 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 -$0.12. The three earnings estimates compiled by S&P Capital IQ averaged -$0.16 per share. GAAP EPS were -$0.15 for Q3 versus $0.05 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 27.6%, 4,070 basis points worse than the prior-year quarter. Operating margin was -46.1%, 6,570 basis points worse than the prior-year quarter. Net margin was -59.8%, 7,560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $30.5 million. On the bottom line, the average EPS estimate is -$0.12.
Next year's average estimate for revenue is $131.0 million. The average EPS estimate is -$0.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 835 members out of 873 rating the stock outperform, and 38 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give BPZ Resources a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BPZ Resources is outperform, with an average price target of $5.13.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add BPZ Resources to My Watchlist.