Talisman Energy (TSX: TLM) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Talisman Energy whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly. Non-GAAP earnings per share dropped to a loss. GAAP earnings per share dropped to a loss.
Gross margins dropped, operating margins increased, net margins shrank.
Talisman Energy reported revenue of $1.11 billion. The seven analysts polled by S&P Capital IQ anticipated a top line of $1.42 billion on the same basis. GAAP reported sales were 47% lower than the prior-year quarter's $2.12 billion.
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 -$0.06. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.02 per share. Non-GAAP EPS were -$0.06 for Q1 versus $0.16 per share for the prior-year quarter. GAAP EPS were -$0.21 for Q1 against $0.25 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 66.2%, 370 basis points worse than the prior-year quarter. Operating margin was 10.4%, much better than the prior-year quarter. Net margin was -18.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.44 billion. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $6.15 billion. The average EPS estimate is $0.24.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 550 members out of 575 rating the stock outperform, and 25 members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 99 give Talisman Energy a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Talisman Energy is hold, with an average price target of $13.40.
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