Contango Oil & Gas (AMEX: MCF) reported earnings on Feb. 11. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Contango Oil & Gas missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Contango Oil & Gas reported revenue of $34.9 million. The one analyst polled by S&P Capital IQ expected a top line of $38.4 million on the same basis. GAAP reported sales were 35% lower than the prior-year quarter's $53.9 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 $0.17. The one earnings estimate compiled by S&P Capital IQ anticipated $0.42 per share. GAAP EPS of $0.17 for Q2 were 87% lower than the prior-year quarter's $1.27 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 85.8%, 120 basis points worse than the prior-year quarter. Operating margin was 11.7%, 4,590 basis points worse than the prior-year quarter. Net margin was 7.5%, 2,860 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $43.0 million. On the bottom line, the average EPS estimate is $0.89.
Next year's average estimate for revenue is $155.5 million. The average EPS estimate is $0.79.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 507 members out of 523 rating the stock outperform, and 16 members rating it underperform. Among 140 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Contango Oil & Gas a green thumbs-up, and four give it a red thumbs-down.
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