The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Energen missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Energen booked revenue of $433.0 million. The four analysts polled by S&P Capital IQ expected a top line of $453.6 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $262.9 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 $0.65. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS of $0.87 for Q4 were 335% higher than the prior-year quarter's $0.20 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 59.8%, 710 basis points better than the prior-year quarter. Operating margin was 26.6%, 1,460 basis points better than the prior-year quarter. Net margin was 14.5%, 900 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $489.3 million. On the bottom line, the average EPS estimate is $1.31.
Next year's average estimate for revenue is $1.82 billion. The average EPS estimate is $3.51.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 266 members out of 275 rating the stock outperform, and nine members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Energen 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 Energen is outperform, with an average price target of $57.09.
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