Kodiak Oil & Gas
The 10-second takeaway
For the quarter ended March 31 (Q1), Kodiak Oil & Gas met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Gross margins shrank, operating margins grew, net margins increased.
Kodiak Oil & Gas logged revenue of $165.1 million. The 14 analysts polled by S&P Capital IQ foresaw sales of $166.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $79.9 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 $0.11. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. Non-GAAP EPS of $0.11 for Q1 were 22% higher than the prior-year quarter's $0.09 per share. GAAP EPS of $0.07 for Q1 were much higher than the prior-year quarter's $0.01 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 78.2%, 20 basis points worse than the prior-year quarter. Operating margin was 37.2%, much better than the prior-year quarter. Net margin was 11.8%, 960 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $191.7 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $838.3 million. The average EPS estimate is $0.68.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 813 members out of 843 rating the stock outperform, and 30 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Kodiak Oil & Gas 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 Kodiak Oil & Gas is outperform, with an average price target of $10.91.
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